Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.00.

A number of brokerages have commented on OLBK. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.

NASDAQ:OLBK opened at $26.18 on Thursday. The stock has a market capitalization of $446.19 million, a P/E ratio of 11.95 and a beta of 0.59. Old Line Bancshares, Inc. has a one year low of $24.51 and a one year high of $35.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Old Line Bancshares, Inc. (MD) had a return on equity of 10.76% and a net margin of 22.08%. The business had revenue of $28.26 million during the quarter, compared to the consensus estimate of $28.45 million. On average, analysts predict that Old Line Bancshares, Inc. will post 2.35 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.12 dividend. This is an increase from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, March 14th. Old Line Bancshares, Inc. (MD)’s payout ratio is presently 21.92%.

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 that occurred on Tuesday, February 26th. The stock was sold at an average price of $28.23, for a total value of $28,230.00. Following the completion of the transaction, the director now directly owns 60,492 shares in the company, valued at $1,707,689.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Suit II bought 1,300 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was bought at an average price of $27.31 per share, with a total value of $35,503.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 5,185 shares of company stock valued at $142,757. 10.61% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Walthausen & Co. LLC boosted its position in shares of Old Line Bancshares, Inc. (MD) by 5.7% during the fourth quarter. Walthausen & Co. LLC now owns 51,930 shares of the bank’s stock worth $1,367,000 after buying an additional 2,790 shares during the period. Renaissance Technologies LLC boosted its position in shares of Old Line Bancshares, Inc. (MD) by 5.0% during the third quarter. Renaissance Technologies LLC now owns 454,740 shares of the bank’s stock worth $14,388,000 after buying an additional 21,500 shares during the period. Employees Retirement System of Texas boosted its position in shares of Old Line Bancshares, Inc. (MD) by 28.6% during the fourth quarter. Employees Retirement System of Texas now owns 45,000 shares of the bank’s stock worth $1,184,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc boosted its position in shares of Old Line Bancshares, Inc. (MD) by 1.6% during the third quarter. Vanguard Group Inc now owns 583,736 shares of the bank’s stock worth $18,470,000 after buying an additional 9,212 shares during the period. Finally, Mendon Capital Advisors Corp boosted its position in shares of Old Line Bancshares, Inc. (MD) by 14.2% during the fourth quarter. Mendon Capital Advisors Corp now owns 637,973 shares of the bank’s stock worth $16,791,000 after buying an additional 79,399 shares during the period. Institutional investors and hedge funds own 49.85% of the company’s stock.

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.

Further Reading: Special Dividends

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