Old Line Bancshares, Inc. (MD) (OLBK) Stock Rating Reaffirmed by Sandler O’Neill

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)‘s stock had its “buy” rating reissued by investment analysts at Sandler O’Neill in a report issued on Thursday. They currently have a $34.50 price target on the bank’s stock. Sandler O’Neill’s price target suggests a potential upside of 10.97% from the company’s current price.

Other analysts also recently issued reports about the company. BidaskClub downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Saturday, January 13th. ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. One research 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 company currently has a consensus rating of “Hold” and a consensus target price of $33.17.

Old Line Bancshares, Inc. (NASDAQ OLBK) traded up $0.44 during trading hours on Thursday, hitting $31.09. The stock had a trading volume of 22,959 shares, compared to its average volume of 27,632. The company has a market cap of $382.13, a P/E ratio of 21.43 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a 1 year low of $26.01 and a 1 year high of $31.50.

In related news, EVP Joseph E. Burnett sold 3,475 shares of the company’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 completion of the sale, the executive vice president now directly owns 51,180 shares in the company, valued at approximately $1,535,400. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph E. Burnett acquired 9,800 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $7.75 per share, with a total value of $75,950.00. Following the completion of the transaction, the executive vice president now owns 63,794 shares in the company, valued at $494,403.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 11,709 shares of company stock valued at $133,738. Corporate insiders own 25.07% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in shares of Old Line Bancshares, Inc. (MD) by 0.9% during the 2nd quarter. Stifel Financial Corp now owns 32,748 shares of the bank’s stock worth $924,000 after buying an additional 283 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Old Line Bancshares, Inc. (MD) by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 8,939 shares of the bank’s stock worth $252,000 after buying an additional 415 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Old Line Bancshares, Inc. (MD) by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after buying an additional 516 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Old Line Bancshares, Inc. (MD) by 4.9% during the 2nd quarter. Teachers Advisors LLC now owns 15,469 shares of the bank’s stock worth $436,000 after buying an additional 726 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of Old Line Bancshares, Inc. (MD) by 15.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock worth $346,000 after buying an additional 1,634 shares during the last quarter. Institutional investors and hedge funds own 44.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Old Line Bancshares, Inc. (MD) (OLBK) Stock Rating Reaffirmed by Sandler O’Neill” was first reported by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/27/old-line-bancshares-inc-md-olbk-stock-rating-reaffirmed-by-sandler-oneill.html.

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.

Receive News & Ratings for Old Line Bancshares Inc. (MD) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. (MD) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply