Equities research analysts predict that Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) will report $0.58 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Old Line Bancshares, Inc. (MD)’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. The company is expected to announce its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.18 to $2.25. For the next financial year, analysts forecast that the company will report earnings of $2.57 per share, with EPS estimates ranging from $2.50 to $2.61. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its earnings results on Tuesday, July 24th. The bank reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Old Line Bancshares, Inc. (MD) had a return on equity of 9.23% and a net margin of 17.09%. The company had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.90 million.

A number of research firms have commented on OLBK. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. Sandler O’Neill downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Hovde Group began coverage on Old Line Bancshares, Inc. (MD) in a research report on Thursday, May 3rd. They issued an “outperform” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Old Line Bancshares, Inc. (MD) currently has an average rating of “Hold” and a consensus price target of $35.63.

NASDAQ:OLBK remained flat at $$34.18 on Wednesday. The company’s stock had a trading volume of 22,713 shares, compared to its average volume of 62,154. Old Line Bancshares, Inc. has a 12 month low of $26.17 and a 12 month high of $35.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $581.70 million, a P/E ratio of 21.91 and a beta of 0.30.

In related news, Director Eric D. Hovde sold 4,429 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $34.80, for a total value of $154,129.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric D. Hovde sold 5,796 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $34.83, for a total value of $201,874.68. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,246 shares of company stock worth $77,104 and sold 82,781 shares worth $2,868,958. 10.61% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of OLBK. BlackRock Inc. raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 100.5% in the 2nd quarter. BlackRock Inc. now owns 810,841 shares of the bank’s stock valued at $28,306,000 after buying an additional 406,390 shares during the period. RMB Capital Management LLC raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 238.0% in the 1st quarter. RMB Capital Management LLC now owns 547,086 shares of the bank’s stock valued at $18,054,000 after buying an additional 385,211 shares during the period. Maltese Capital Management LLC raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 453.3% in the 1st quarter. Maltese Capital Management LLC now owns 332,000 shares of the bank’s stock valued at $10,956,000 after buying an additional 272,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of 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 valued at $15,124,000 after buying an additional 156,540 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 396.3% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 172,712 shares of the bank’s stock valued at $6,029,000 after buying an additional 137,912 shares during the period. Hedge funds and other institutional investors own 47.01% of the company’s stock.

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.

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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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