Old Line Bancshares, Inc. (MD) (OLBK) Expected to Announce Earnings of $0.49 Per Share

Brokerages expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to report earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Old Line Bancshares, Inc. (MD)’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.51. Old Line Bancshares, Inc. (MD) reported earnings of $0.36 per share in the same quarter last year, which would indicate a positive year over year growth rate of 36.1%. The company is expected to issue its next quarterly earnings report on Friday, May 4th.

According to Zacks, analysts expect that Old Line Bancshares, Inc. (MD) will report full year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.29. For the next year, analysts forecast that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.65. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $19.03 million for the quarter, compared to analysts’ expectations of $19.88 million. Old Line Bancshares, Inc. (MD) had a net margin of 19.60% and a return on equity of 8.94%.

A number of brokerages have issued reports on OLBK. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, November 29th. ValuEngine lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $34.50 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $33.17.

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) traded up $0.10 during midday trading on Tuesday, reaching $31.40. The company’s stock had a trading volume of 22,116 shares, compared to its average volume of 28,804. 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 52 week low of $26.01 and a 52 week high of $31.96.

In other Old Line Bancshares, Inc. (MD) news, Director James F. Dent sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 $1,962,046.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders acquired 1,327 shares of company stock worth $40,795. 25.07% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in shares of Old Line Bancshares, Inc. (MD) by 0.9% in the second quarter. Stifel Financial Corp now owns 32,748 shares of the bank’s stock worth $924,000 after acquiring an additional 283 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Old Line Bancshares, Inc. (MD) by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after acquiring an additional 516 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Old Line Bancshares, Inc. (MD) by 4.9% in the second quarter. Teachers Advisors LLC now owns 15,469 shares of the bank’s stock worth $436,000 after acquiring an additional 726 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of Old Line Bancshares, Inc. (MD) by 15.4% in the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock worth $346,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Old Line Bancshares, Inc. (MD) by 4.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 42,646 shares of the bank’s stock worth $1,255,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 44.67% of the company’s stock.

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

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