Old Line Bancshares, Inc. (MD) (OLBK) Plans Dividend of $0.08

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) announced a dividend on Wednesday, November 15th, Fidelity reports. Investors of record on Friday, December 8th will be given a dividend of 0.08 per share by the bank on Tuesday, January 2nd. The ex-dividend date is Thursday, December 7th.

Old Line Bancshares, Inc. (OLBK) traded up $0.02 during midday trading on Friday, reaching $30.24. The company had a trading volume of 17,889 shares, compared to its average volume of 24,617. Old Line Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.50. The firm has a market capitalization of $377.02, a PE ratio of 21.13 and a beta of 0.27. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19.

In other Old Line Bancshares, Inc. (MD) news, EVP Joseph E. Burnett sold 3,475 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $30.00, for a total value of $104,250.00. Following the completion of the sale, the executive vice president now owns 51,180 shares of the company’s stock, valued at $1,535,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph E. Burnett acquired 9,800 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $7.75 per share, with a total value of $75,950.00. Following the purchase, the executive vice president now directly owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The disclosure for this purchase can be found here. Insiders have purchased 11,709 shares of company stock valued at $133,738 in the last ninety days. 25.07% of the stock is currently owned by insiders.

OLBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, October 26th. ValuEngine cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.00.

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Old Line Bancshares, Inc. (MD) 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.

Dividend History for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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