Old Line Bancshares Inc. (NASDAQ:OLBK) Director Thomas H. Graham purchased 2,710 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $51,977.80. Following the completion of the purchase, the director now directly owns 26,439 shares in the company, valued at $507,100.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Old Line Bancshares Inc. (NASDAQ:OLBK) opened at 19.90 on Tuesday. Old Line Bancshares Inc. has a 1-year low of $15.85 and a 1-year high of $20.09. The firm’s 50 day moving average is $19.36 and its 200 day moving average is $18.50. The firm has a market capitalization of $215.70 million, a PE ratio of 20.73 and a beta of 0.55.

Old Line Bancshares (NASDAQ:OLBK) last posted its earnings results on Wednesday, July 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.24%. Analysts anticipate that Old Line Bancshares Inc. will post $1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, September 14th. Old Line Bancshares’s dividend payout ratio is currently 25.00%.

Several large investors have recently modified their holdings of OLBK. Mendon Capital Advisors Corp boosted its stake in shares of Old Line Bancshares by 7.0% in the first quarter. Mendon Capital Advisors Corp now owns 48,151 shares of the company’s stock worth $868,000 after buying an additional 3,130 shares in the last quarter. RMB Capital Management LLC boosted its stake in shares of Old Line Bancshares by 10.2% in the first quarter. RMB Capital Management LLC now owns 41,743 shares of the company’s stock worth $753,000 after buying an additional 3,870 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Old Line Bancshares by 14.3% in the first quarter. Geode Capital Management LLC now owns 21,012 shares of the company’s stock worth $378,000 after buying an additional 2,633 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Old Line Bancshares by 1.8% in the first quarter. Wellington Management Group LLP now owns 640,619 shares of the company’s stock worth $11,551,000 after buying an additional 11,079 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Old Line Bancshares by 147.5% in the first quarter. Kennedy Capital Management Inc. now owns 48,292 shares of the company’s stock worth $871,000 after buying an additional 28,778 shares in the last quarter. Institutional investors and hedge funds own 46.46% of the company’s stock.

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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