Old Line Bancshares (OLBK) Receiving Somewhat Positive Media Coverage, Report Shows
News coverage about Old Line Bancshares (NASDAQ:OLBK) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old Line Bancshares earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.1215384130807 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Old Line Bancshares (OLBK) traded down 0.38% during midday trading on Friday, hitting $26.31. The stock had a trading volume of 21,059 shares. The firm has a 50-day moving average of $27.67 and a 200 day moving average of $27.90. The firm has a market cap of $327.59 million, a PE ratio of 18.40 and a beta of 0.25. Old Line Bancshares has a 12-month low of $18.91 and a 12-month high of $29.90.
A number of brokerages have recently weighed in on OLBK. Zacks Investment Research upgraded Old Line Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine upgraded Old Line Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods downgraded Old Line Bancshares from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $31.00 to $29.00 in a report on Monday, July 17th. Finally, BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.00.
In related news, insider James W. Cornelsen bought 1,813 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was acquired at an average price of $27.51 per share, for a total transaction of $49,875.63. Following the transaction, the insider now directly owns 169,551 shares of the company’s stock, valued at $4,664,348.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Suit II bought 3,350 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were bought at an average price of $27.52 per share, with a total value of $92,192.00. Following the transaction, the director now directly owns 64,394 shares in the company, valued at $1,772,122.88. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,741 shares of company stock valued at $185,423 in the last 90 days. 25.07% of the stock is owned by corporate insiders.
Old Line Bancshares Company Profile
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.
Receive News & Ratings for Old Line Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.