$19.54 Million in Sales Expected for Old Line Bancshares, Inc. (MD) (OLBK) This Quarter

Analysts expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to report sales of $19.54 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Old Line Bancshares, Inc. (MD)’s earnings. The lowest sales estimate is $19.21 million and the highest is $19.87 million. Old Line Bancshares, Inc. (MD) reported sales of $16.02 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22%. The company is scheduled to issue its next quarterly earnings results on Friday, May 4th.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year sales of $19.54 million for the current year, with estimates ranging from $99.48 million to $100.70 million. For the next year, analysts forecast that the business will post sales of $119.51 million per share, with estimates ranging from $118.51 million to $120.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The business had revenue of $19.03 million during the quarter, compared to analyst estimates of $19.88 million. Old Line Bancshares, Inc. (MD) had a return on equity of 8.94% and a net margin of 19.60%.

A number of brokerages have commented on OLBK. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Wednesday. Sandler O’Neill reaffirmed a “buy” rating and set a $34.50 price target on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, January 25th. ValuEngine cut 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 reaffirmed 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.17.

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) opened at $31.40 on Thursday. Old Line Bancshares, Inc. has a 52-week low of $26.01 and a 52-week high of $31.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $391.51, a price-to-earnings ratio of 21.89 and a beta of 0.31.

In other Old Line Bancshares, Inc. (MD) news, Director James F. Dent sold 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.65, for a total transaction of $31,650.00. Following the completion of the sale, the director now owns 61,992 shares of the company’s stock, valued at approximately $1,962,046.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 25.07% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new stake in Old Line Bancshares, Inc. (MD) during the 2nd quarter worth about $201,000. Advisor Group Inc. raised its stake in shares of 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 buying an additional 3,405 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Old Line Bancshares, Inc. (MD) during the 4th quarter valued at about $225,000. The Manufacturers Life Insurance Company raised its stake 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 valued at $224,000 after buying an additional 516 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Old Line Bancshares, Inc. (MD) during the 2nd quarter valued at about $255,000. 44.67% of the stock is 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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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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