Old Line Bancshares, Inc. (NASDAQ:OLBK) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut Old Line Bancshares from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $31.00 to $29.00 in a research note on Monday, July 17th. ValuEngine raised Old Line Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut Old Line Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Old Line Bancshares (OLBK) traded down 1.96% on Monday, reaching $27.06. The company’s stock had a trading volume of 26,348 shares. The company has a market cap of $296.47 million, a P/E ratio of 18.92 and a beta of 0.26. The company has a 50-day moving average price of $28.28 and a 200 day moving average price of $27.83. Old Line Bancshares has a 12 month low of $18.79 and a 12 month high of $29.90.

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In related news, Director John M. Suit II purchased 3,350 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was bought at an average price of $27.52 per share, with a total value of $92,192.00. Following the completion of the purchase, the director now owns 64,394 shares in the company, valued at approximately $1,772,122.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James W. Cornelsen purchased 1,813 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of $27.51 per share, with a total value of $49,875.63. Following the purchase, the insider now owns 169,551 shares of the company’s stock, valued at approximately $4,664,348.01. The disclosure for this purchase can be found here. In the last three months, insiders bought 6,741 shares of company stock valued at $185,423. Insiders own 25.07% of the company’s stock.

Large investors have recently modified their holdings of the stock. American International Group Inc. boosted its stake in shares of Old Line Bancshares by 7.1% in the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock valued at $147,000 after buying an additional 342 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Old Line Bancshares by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 12,537 shares of the bank’s stock valued at $301,000 after buying an additional 1,024 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Old Line Bancshares by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 14,743 shares of the bank’s stock valued at $354,000 after buying an additional 1,163 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Old Line Bancshares by 4.2% in the first quarter. Geode Capital Management LLC now owns 50,861 shares of the bank’s stock valued at $1,448,000 after buying an additional 2,039 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Old Line Bancshares by 40.6% in the first quarter. Nationwide Fund Advisors now owns 7,193 shares of the bank’s stock valued at $205,000 after buying an additional 2,077 shares during the last quarter. 46.78% of the stock is owned by institutional investors.

Old Line Bancshares Company Profile

Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

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