Old Line Bancshares Announces Quarterly Dividend of $0.05 (OLBK)
Old Line Bancshares (NASDAQ:OLBK) declared a quarterly dividend on Thursday, August 28th, AnalystRatings.NET reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.05 per share on Friday, September 26th. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%.
On a related note, analysts at Zacks downgraded shares of Old Line Bancshares from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $13.50 price target on the stock.
Shares of Old Line Bancshares (NASDAQ:OLBK) traded down 3.23% during mid-day trading on Thursday, hitting $14.68. The stock had a trading volume of 5,966 shares. Old Line Bancshares has a one year low of $12.87 and a one year high of $18.00. The stock’s 50-day moving average is $14.52 and its 200-day moving average is $16.20. The company has a market cap of $158.3 million and a price-to-earnings ratio of 15.79.
Old Line Bancshares (NASDAQ:OLBK) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.09. On average, analysts predict that Old Line Bancshares will post $0.80 earnings per share for the current fiscal year.
Old Line Bancshares, Inc is a holding company of Old Line Bank. Old Line Bank engages in a general commercial banking business, making various types of loans and accepting deposits.
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