Q3 2018 EPS Estimates for Old Line Bancshares, Inc. (MD) (OLBK) Increased by Analyst

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) – Research analysts at FIG Partners raised their Q3 2018 EPS estimates for Old Line Bancshares, Inc. (MD) in a research note issued on Thursday. FIG Partners analyst D. Bishop now anticipates that the bank will post earnings per share of $0.59 for the quarter, up from their previous estimate of $0.52. FIG Partners also issued estimates for Old Line Bancshares, Inc. (MD)’s Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.60 EPS and FY2019 earnings at $2.65 EPS.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, November 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday, October 26th. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $34.50 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.17.

Old Line Bancshares, Inc. (NASDAQ OLBK) opened at $31.09 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a twelve month low of $26.01 and a twelve month high of $31.50. The stock has a market cap of $382.13, a PE ratio of 21.43 and a beta of 0.27.

The firm also recently declared a dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, December 7th.

In other Old Line Bancshares, Inc. (MD) news, Director John M. Suit II purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were bought at an average price of $30.25 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now owns 66,844 shares in the company, valued at approximately $2,022,031. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph E. Burnett purchased 9,800 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $7.75 per share, for a total transaction of $75,950.00. Following the acquisition, the executive vice president now owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,300 shares of company stock worth $121,325. Corporate insiders own 25.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP increased its stake in shares of Old Line Bancshares, Inc. (MD) by 15.4% during the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock valued at $346,000 after acquiring an additional 1,634 shares during the period. Vanguard Group Inc. increased its stake in shares of Old Line Bancshares, Inc. (MD) by 1.5% during the second quarter. Vanguard Group Inc. now owns 323,213 shares of the bank’s stock valued at $9,108,000 after acquiring an additional 4,836 shares during the period. Stifel Financial Corp increased its stake in shares of 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 valued at $1,050,000 after acquiring an additional 4,649 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Old Line Bancshares, Inc. (MD) during the third quarter valued at approximately $519,000. Finally, New York State Common Retirement Fund increased its stake in shares of Old Line Bancshares, Inc. (MD) by 106.6% during the second quarter. New York State Common Retirement Fund now owns 9,300 shares of the bank’s stock valued at $262,000 after acquiring an additional 4,799 shares during the period. Institutional investors and hedge funds own 44.25% of the company’s stock.

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About Old Line Bancshares, Inc. (MD)

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.

Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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