Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
OLBK has been the subject of a number of other research reports. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, November 29th. ValuEngine lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $31.00 price objective on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, October 26th. Finally, Sandler O’Neill restated a “buy” rating and set a $34.50 price objective on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.17.
Shares of Old Line Bancshares, Inc. (OLBK) opened at $31.04 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. Old Line Bancshares, Inc. has a 12 month low of $26.01 and a 12 month high of $31.96.
In other Old Line Bancshares, Inc. (MD) news, EVP Joseph E. Burnett acquired 9,800 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $7.75 per share, for a total transaction of $75,950.00. Following the purchase, the executive vice president now directly owns 63,794 shares in the company, valued at $494,403.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James F. Dent sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.65, for a total value of $31,650.00. Following the sale, the director now owns 61,992 shares of the company’s stock, valued at approximately $1,962,046.80. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 10,920 shares of company stock valued at $110,394. 25.07% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of OLBK. Ameriprise Financial Inc. acquired a new stake in Old Line Bancshares, Inc. (MD) during the 2nd quarter valued at approximately $201,000. Advisor Group Inc. grew its stake in Old Line Bancshares, Inc. (MD) by 89.0% during the 3rd quarter. Advisor Group Inc. now owns 7,230 shares of the bank’s stock valued at $202,000 after purchasing an additional 3,405 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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. Rhumbline Advisers lifted its holdings in 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. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Old Line Bancshares, Inc. (MD) during the 2nd quarter worth approximately $255,000. Hedge funds and other institutional investors own 44.12% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Old Line Bancshares, Inc. (MD) (OLBK) Raised to “Buy” at BidaskClub” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/06/old-line-bancshares-inc-md-olbk-raised-to-buy-at-bidaskclub.html.
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.
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.