Brokerages Set $33.00 Price Target for Old Line Bancshares, Inc. (MD) (OLBK)

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. Old Line Bancshares, Inc. (MD)’s rating score has declined by 9.4% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus price target of $33.00 for the company and are anticipating that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Line Bancshares, Inc. (MD) an industry rank of 22 out of 265 based on the ratings given to its competitors.

OLBK has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 price target on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. ValuEngine cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, November 29th. Finally, BidaskClub cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) traded up $0.42 on Friday, hitting $30.88. The company had a trading volume of 32,700 shares, compared to its average volume of 22,897. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. Old Line Bancshares, Inc. has a 52-week low of $26.01 and a 52-week high of $31.18. The stock has a market capitalization of $385.01, a PE ratio of 21.59 and a beta of 0.27.

The company also recently declared a dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, December 7th. Old Line Bancshares, Inc. (MD)’s payout ratio is 22.38%.

In other Old Line Bancshares, Inc. (MD) news, EVP Joseph E. Burnett sold 3,475 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $30.00, for a total transaction of $104,250.00. Following the transaction, the executive vice president now owns 51,180 shares of the company’s stock, valued at $1,535,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Suit II acquired 1,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were bought at an average cost of $30.25 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 66,844 shares of the company’s stock, valued at approximately $2,022,031. The disclosure for this purchase can be found here. Insiders have purchased 11,709 shares of company stock valued at $133,738 over the last quarter. 25.07% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maltese Capital Management LLC boosted its stake in Old Line Bancshares, Inc. (MD) by 33.5% during the third quarter. Maltese Capital Management LLC now owns 26,700 shares of the bank’s stock worth $748,000 after buying an additional 6,700 shares during the last quarter. Castine Capital Management LLC acquired a new position in Old Line Bancshares, Inc. (MD) during the third quarter worth $4,194,000. Stifel Financial Corp boosted its stake in Old Line Bancshares, Inc. (MD) by 14.2% during the third quarter. Stifel Financial Corp now owns 37,397 shares of the bank’s stock worth $1,050,000 after buying an additional 4,649 shares during the last quarter. OxFORD Asset Management LLP boosted its stake in Old Line Bancshares, Inc. (MD) by 21.6% during the third quarter. OxFORD Asset Management LLP now owns 14,910 shares of the bank’s stock worth $419,000 after buying an additional 2,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Old Line Bancshares, Inc. (MD) by 11.9% during the third quarter. Dimensional Fund Advisors LP now owns 178,141 shares of the bank’s stock worth $4,988,000 after buying an additional 18,993 shares during the last quarter. 44.25% of the stock is currently owned by institutional investors.

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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.

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