Old Line Bancshares, Inc. (NASDAQ:OLBK) Director John M. Suit II bought 1,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $30.25 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 66,844 shares in the company, valued at $2,022,031. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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Several analysts have issued reports on OLBK shares. Zacks Investment Research downgraded shares of Old Line Bancshares from a “buy” rating to a “sell” rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares in a research note on Thursday, October 26th. ValuEngine downgraded shares of Old Line Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in Old Line Bancshares by 0.9% in the second quarter. Stifel Financial Corp now owns 32,748 shares of the bank’s stock worth $924,000 after purchasing an additional 283 shares during the period. American International Group Inc. raised its holdings in Old Line Bancshares by 7.1% in the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock worth $147,000 after purchasing an additional 342 shares during the period. Rhumbline Advisers raised its holdings in Old Line Bancshares by 4.9% in the second quarter. Rhumbline Advisers now owns 8,939 shares of the bank’s stock worth $252,000 after purchasing an additional 415 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Old Line Bancshares by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after purchasing an additional 516 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Old Line Bancshares by 4.9% in the second quarter. Teachers Advisors LLC now owns 15,469 shares of the bank’s stock worth $436,000 after purchasing an additional 726 shares during the period. Institutional investors own 41.60% of the company’s stock.

About Old Line Bancshares

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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