Old Line Bancshares, Inc. (NASDAQ:OLBK) Director John M. Suit II acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was purchased at an average cost of $30.25 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now directly owns 66,844 shares of the company’s stock, valued at approximately $2,022,031. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) traded up $0.02 during midday trading on Friday, hitting $29.85. The company had a trading volume of 14,171 shares, compared to its average volume of 30,071. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $375.15 million, a price-to-earnings ratio of 21.07 and a beta of 0.27.

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OLBK has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded Old Line Bancshares from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $31.00 to $29.00 in a report on Monday, July 17th. Zacks Investment Research downgraded Old Line Bancshares from a “buy” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, ValuEngine downgraded Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.

A number of hedge funds have recently bought and sold shares of OLBK. Nationwide Fund Advisors lifted its holdings in Old Line Bancshares by 40.6% during the first quarter. Nationwide Fund Advisors now owns 7,193 shares of the bank’s stock worth $205,000 after acquiring an additional 2,077 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Old Line Bancshares by 18.7% during the first quarter. Bank of New York Mellon Corp now owns 30,880 shares of the bank’s stock worth $879,000 after acquiring an additional 4,854 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Old Line Bancshares by 29.4% during the first quarter. JPMorgan Chase & Co. now owns 29,672 shares of the bank’s stock worth $845,000 after acquiring an additional 6,743 shares in the last quarter. American International Group Inc. lifted its holdings in Old Line Bancshares by 7.1% during the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock worth $147,000 after acquiring an additional 342 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Old Line Bancshares by 8.6% during the first quarter. TIAA CREF Investment Management LLC now owns 29,540 shares of the bank’s stock worth $841,000 after acquiring an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 41.60% of the company’s stock.

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.

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

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