Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 4,096 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $30.32, for a total value of $124,190.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:OLBK opened at $28.48 on Friday. The company has a market cap of $485.74 million, a P/E ratio of 14.22 and a beta of 0.37. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. Old Line Bancshares, Inc. has a 12-month low of $27.18 and a 12-month high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 10.63%. The company had revenue of $27.69 million for the quarter, compared to the consensus estimate of $27.97 million. On average, sell-side analysts expect that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is presently 25.64%.

OLBK has been the subject of a number of recent research reports. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, Stephens set a $35.00 price objective on Old Line Bancshares, Inc. (MD) and gave the company a “buy” rating in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $35.42.

A number of hedge funds and other institutional investors have recently bought and sold shares of OLBK. Jennison Associates LLC lifted its holdings in Old Line Bancshares, Inc. (MD) by 3,279.0% in the 3rd quarter. Jennison Associates LLC now owns 434,273 shares of the bank’s stock worth $13,740,000 after purchasing an additional 421,421 shares in the last quarter. BlackRock Inc. lifted 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 purchasing an additional 406,390 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Old Line Bancshares, Inc. (MD) by 56.6% in the 2nd quarter. Renaissance Technologies LLC now owns 433,240 shares of the bank’s stock worth $15,124,000 after purchasing an additional 156,540 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Old Line Bancshares, Inc. (MD) by 27.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 417,568 shares of the bank’s stock worth $13,212,000 after purchasing an additional 89,329 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Old Line Bancshares, Inc. (MD) by 49.1% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 257,582 shares of the bank’s stock worth $8,150,000 after purchasing an additional 84,870 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

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About Old Line Bancshares, Inc. (MD)

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: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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