Catalyst Capital Advisors LLC maintained its stake in shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) during the second quarter, Holdings Channel reports. The fund owned 16,000 shares of the bank’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Old Line Bancshares were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OLBK. American International Group Inc. increased its stake in shares of Old Line Bancshares by 7.1% in the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock valued at $147,000 after buying an additional 342 shares during the period. Rhumbline Advisers increased its stake in shares of Old Line Bancshares by 4.9% in the second quarter. Rhumbline Advisers now owns 8,939 shares of the bank’s stock valued at $252,000 after buying an additional 415 shares during the period. Guggenheim Capital LLC increased its stake in shares of Old Line Bancshares by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 12,537 shares of the bank’s stock valued at $301,000 after buying an additional 1,024 shares during the period. Teachers Advisors LLC increased its stake in shares of Old Line Bancshares by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 14,743 shares of the bank’s stock valued at $354,000 after buying an additional 1,163 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Old Line Bancshares by 4.2% in the first quarter. Geode Capital Management LLC now owns 50,861 shares of the bank’s stock valued at $1,448,000 after buying an additional 2,039 shares during the period. 42.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) opened at 26.79 on Tuesday. The stock has a 50 day moving average price of $27.63 and a 200 day moving average price of $27.90. The stock has a market capitalization of $333.56 million, a P/E ratio of 18.73 and a beta of 0.25. Old Line Bancshares, Inc. has a 52 week low of $18.91 and a 52 week high of $29.90.

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Several brokerages have recently commented on OLBK. BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods downgraded Old Line Bancshares from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $31.00 to $29.00 in a research note on Monday, July 17th. ValuEngine raised Old Line Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Old Line Bancshares from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.00.

In related news, Director John M. Suit II purchased 3,350 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were purchased at an average cost of $27.52 per share, with a total value of $92,192.00. Following the transaction, the director now directly owns 64,394 shares in the company, valued at approximately $1,772,122.88. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider James W. Cornelsen purchased 1,813 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of $27.51 per share, for a total transaction of $49,875.63. Following the completion of the transaction, the insider now owns 169,551 shares in the company, valued at $4,664,348.01. The disclosure for this purchase can be found here. Over the last three months, insiders bought 6,741 shares of company stock worth $185,423. Insiders own 25.07% of the company’s stock.

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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

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Institutional Ownership by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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