Old Line Bancshares, Inc. (NASDAQ:OLBK) Director Gail D. Manuel acquired 409 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $30.35 per share, with a total value of $12,413.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) traded down 0.60% during mid-day trading on Monday, reaching $30.07. 31,862 shares of the company’s stock were exchanged. Old Line Bancshares, Inc. has a one year low of $18.91 and a one year high of $30.44. The stock has a market cap of $374.40 million, a PE ratio of 21.03 and a beta of 0.26. The company has a 50 day moving average price of $28.50 and a 200-day moving average price of $27.89.

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Several hedge funds have recently added to or reduced their stakes in OLBK. Emerald Mutual Fund Advisers Trust increased its position in shares of Old Line Bancshares by 133.0% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 203,594 shares of the bank’s stock valued at $5,737,000 after acquiring an additional 116,206 shares during the period. Vanguard Group Inc. increased its position in shares of Old Line Bancshares by 37.5% in the first quarter. Vanguard Group Inc. now owns 318,377 shares of the bank’s stock valued at $9,067,000 after acquiring an additional 86,894 shares during the period. Penn Capital Management Co. Inc. purchased a new position in shares of Old Line Bancshares in the second quarter valued at about $1,623,000. State Street Corp increased its position in shares of Old Line Bancshares by 28.2% in the second quarter. State Street Corp now owns 165,433 shares of the bank’s stock valued at $4,662,000 after acquiring an additional 36,434 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Old Line Bancshares in the second quarter valued at about $663,000. Hedge funds and other institutional investors own 41.60% of the company’s stock.

A number of research firms recently weighed in on OLBK. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 price objective on shares of Old Line Bancshares in a report on Thursday. Zacks Investment Research downgraded Old Line Bancshares from a “buy” rating to a “sell” rating in a report on Thursday, July 20th. Finally, BidaskClub cut shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.00.

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.

Insider Buying and Selling by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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