Old Line Bancshares, Inc. (NASDAQ:OLBK) Director Stephen J. Deadrick purchased 1,800 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $26.22 per share, with a total value of $47,196.00. Following the completion of the purchase, the director now directly owns 24,472 shares in the company, valued at approximately $641,655.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Old Line Bancshares, Inc. (OLBK) remained flat at $26.79 on Tuesday. The company’s stock had a trading volume of 13,823 shares. The firm’s 50 day moving average price is $27.63 and its 200-day moving average price is $27.90. Old Line Bancshares, Inc. has a 1-year low of $18.91 and a 1-year high of $29.90. The firm has a market capitalization of $333.56 million, a P/E ratio of 18.73 and a beta of 0.25.

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A number of brokerages have recently commented on OLBK. BidaskClub cut Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods cut Old Line Bancshares from an “outperform” rating to a “market perform” rating and dropped their price target for the company 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 report on Friday, June 2nd. Finally, Zacks Investment Research raised Old Line Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

Several institutional investors have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust increased its position in shares of Old Line Bancshares by 133.0% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 203,594 shares of the bank’s stock valued at $5,737,000 after buying an additional 116,206 shares during the period. Vanguard Group Inc. increased its position in shares of Old Line Bancshares by 37.5% in the first quarter. Vanguard Group Inc. now owns 318,377 shares of the bank’s stock valued at $9,067,000 after buying an additional 86,894 shares during the period. Royce & Associates LP increased its position in shares of Old Line Bancshares by 402.3% in the first quarter. Royce & Associates LP now owns 85,392 shares of the bank’s stock valued at $2,432,000 after buying an additional 68,392 shares during the period. Penn Capital Management Co. Inc. purchased a new position in shares of Old Line Bancshares during the second quarter valued at approximately $1,623,000. Finally, State Street Corp increased its position in shares of Old Line Bancshares by 28.2% in the second quarter. State Street Corp now owns 165,433 shares of the bank’s stock valued at $4,662,000 after buying an additional 36,434 shares during the period. 42.41% of the stock is owned by hedge funds and other institutional investors.

About Old Line Bancshares

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.

Insider Buying and Selling by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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