Old Line Bancshares, Inc. (MD) (OLBK) Given Average Recommendation of “Hold” by Brokerag

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.75.

OLBK has been the subject of a number of analyst reports. Stephens set a $35.00 price objective on Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, BidaskClub raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th.

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In related news, Director Eric D. Hovde sold 4,096 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $30.32, for a total value of $124,190.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric D. Hovde sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $30.07, for a total value of $60,140.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 916 shares of company stock valued at $25,820 and sold 12,149 shares valued at $366,197. Corporate insiders own 10.61% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Old Line Bancshares, Inc. (MD) in the third quarter valued at approximately $201,000. PNC Financial Services Group Inc. boosted its holdings in Old Line Bancshares, Inc. (MD) by 12.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,508 shares of the bank’s stock valued at $171,000 after purchasing an additional 717 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Old Line Bancshares, Inc. (MD) by 17.2% in the fourth quarter. Prudential Financial Inc. now owns 8,318 shares of the bank’s stock valued at $219,000 after purchasing an additional 1,218 shares in the last quarter. Founders Financial Securities LLC purchased a new stake in Old Line Bancshares, Inc. (MD) in the third quarter valued at approximately $287,000. Finally, MetLife Investment Advisors LLC lifted its stake in Old Line Bancshares, Inc. (MD) by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 11,787 shares of the bank’s stock valued at $373,000 after buying an additional 4,190 shares during the last quarter. 50.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Line Bancshares, Inc. (MD) stock traded down $0.27 on Friday, reaching $26.70. 20,700 shares of the company were exchanged, compared to its average volume of 52,356. Old Line Bancshares, Inc. has a 1-year low of $24.51 and a 1-year high of $35.72. The company has a market cap of $453.63 million, a PE ratio of 12.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data 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 11.31% 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, sell-side analysts predict that Old Line Bancshares, Inc. will post 2.43 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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