Brokerages predict that Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) will report $28.45 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Old Line Bancshares, Inc. (MD)’s earnings. The highest sales estimate is $28.75 million and the lowest is $28.16 million. Old Line Bancshares, Inc. (MD) posted sales of $19.03 million in the same quarter last year, which would indicate a positive year over year growth rate of 49.5%. The firm is expected to issue its next earnings report on Tuesday, January 22nd.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year sales of $102.66 million for the current financial year, with estimates ranging from $101.82 million to $103.50 million. For the next year, analysts expect that the business will post sales of $120.36 million, with estimates ranging from $118.52 million to $122.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Old Line Bancshares, Inc. (MD).

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. BidaskClub raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Stephens reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Old Line Bancshares, Inc. (MD) in a research note on Wednesday, December 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Shares of NASDAQ:OLBK traded up $0.85 during trading on Wednesday, reaching $29.15. 73,201 shares of the company traded hands, compared to its average volume of 62,743. The firm has a market capitalization of $495.26 million, a P/E ratio of 18.69 and a beta of 0.55. Old Line Bancshares, Inc. has a 1-year low of $24.51 and a 1-year high of $35.72. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, December 13th. Old Line Bancshares, Inc. (MD)’s payout ratio is presently 25.64%.

In related news, Director Eric D. Hovde sold 1,881 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $30.33, for a total value of $57,050.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric D. Hovde sold 5,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Monday, November 26th. The shares were sold at an average price of $30.02, for a total transaction of $150,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,908 shares of company stock valued at $53,506 and sold 16,966 shares valued at $511,691. 10.61% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in Old Line Bancshares, Inc. (MD) by 118.1% in the 2nd quarter. Rhumbline Advisers now owns 14,964 shares of the bank’s stock worth $522,000 after acquiring an additional 8,103 shares during the period. Bank of New York Mellon Corp raised its holdings in Old Line Bancshares, Inc. (MD) by 94.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 89,440 shares of the bank’s stock worth $3,123,000 after acquiring an additional 43,366 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Old Line Bancshares, Inc. (MD) by 127.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 34,158 shares of the bank’s stock worth $1,193,000 after acquiring an additional 19,158 shares during the period. Swiss National Bank bought a new position in Old Line Bancshares, Inc. (MD) in the 2nd quarter worth $768,000. Finally, BlackRock Inc. raised its holdings in Old Line Bancshares, Inc. (MD) by 100.5% in the 2nd quarter. BlackRock Inc. now owns 810,841 shares of the bank’s stock worth $28,306,000 after acquiring an additional 406,390 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Old Line Bancshares, Inc. (MD) Company Profile

Old Line Bancshares, Inc operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit.

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