Old Line Bancshares Inc. (OLBK) Director Acquires $51,977.80 in Stock
Old Line Bancshares Inc. (NASDAQ:OLBK) Director Thomas H. Graham purchased 2,710 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $51,977.80. Following the purchase, the director now owns 26,439 shares of the company’s stock, valued at approximately $507,100.02. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Old Line Bancshares Inc. (NASDAQ:OLBK) opened at 19.90 on Wednesday. Old Line Bancshares Inc. has a 12 month low of $15.85 and a 12 month high of $20.09. The stock has a 50 day moving average of $19.39 and a 200-day moving average of $18.52. The company has a market cap of $215.70 million, a price-to-earnings ratio of 20.73 and a beta of 0.55.
Old Line Bancshares (NASDAQ:OLBK) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.24%. On average, analysts forecast that Old Line Bancshares Inc. will post $1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, September 14th. Old Line Bancshares’s dividend payout ratio is currently 25.00%.
Separately, Zacks Investment Research lowered shares of Old Line Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in Old Line Bancshares during the second quarter worth $155,000. Emerald Acquisition Ltd. purchased a new stake in Old Line Bancshares during the second quarter worth $168,000. Nationwide Fund Advisors purchased a new stake in Old Line Bancshares during the second quarter worth $218,000. Schwab Charles Investment Management Inc. purchased a new stake in Old Line Bancshares during the second quarter worth $222,000. Finally, Teachers Advisors Inc. purchased a new stake in Old Line Bancshares during the second quarter worth $244,000. 46.46% of the stock is owned by institutional investors.
Old Line Bancshares 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. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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