Thomas H. Graham Buys 2,710 Shares of Old Line Bancshares Inc. (OLBK) Stock
Old Line Bancshares Inc. (NASDAQ:OLBK) Director Thomas H. Graham acquired 2,710 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was acquired at an average price of $19.18 per share, with a total value of $51,977.80. Following the acquisition, the director now directly owns 26,439 shares of the company’s stock, valued at approximately $507,100.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Old Line Bancshares Inc. (NASDAQ:OLBK) opened at 19.90 on Tuesday. The firm has a market cap of $215.70 million, a PE ratio of 20.73 and a beta of 0.55. Old Line Bancshares Inc. has a 12-month low of $15.85 and a 12-month high of $20.09. The firm’s 50-day moving average is $19.36 and its 200 day moving average is $18.50.
Old Line Bancshares (NASDAQ:OLBK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.24%. Equities research analysts predict that Old Line Bancshares Inc. will post $1.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. Old Line Bancshares’s dividend payout ratio is currently 25.00%.
Several large investors have recently added to or reduced their stakes in OLBK. RMB Capital Management LLC boosted its stake in Old Line Bancshares by 618.6% in the second quarter. RMB Capital Management LLC now owns 299,966 shares of the company’s stock valued at $5,399,000 after buying an additional 258,223 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Old Line Bancshares by 736.0% in the second quarter. BlackRock Fund Advisors now owns 221,136 shares of the company’s stock valued at $3,980,000 after buying an additional 194,683 shares in the last quarter. Mendon Capital Advisors Corp boosted its stake in Old Line Bancshares by 376.0% in the second quarter. Mendon Capital Advisors Corp now owns 229,211 shares of the company’s stock valued at $4,126,000 after buying an additional 181,060 shares in the last quarter. State Street Corp purchased a new stake in Old Line Bancshares during the second quarter valued at about $1,188,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Old Line Bancshares by 1,359.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 62,284 shares of the company’s stock valued at $1,121,000 after buying an additional 58,017 shares in the last quarter. 46.46% of the stock is currently owned by 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. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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