Stratos Wealth Partners LTD. purchased a new position in Old Line Bancshares, Inc. (NASDAQ:OLBK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,538 shares of the bank’s stock, valued at approximately $519,000. Stratos Wealth Partners LTD. owned about 0.15% of Old Line Bancshares as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Advisor Group Inc. boosted its holdings in shares of Old Line Bancshares by 89.0% in the 3rd quarter. Advisor Group Inc. now owns 7,230 shares of the bank’s stock worth $202,000 after buying an additional 3,405 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Old Line Bancshares in the 2nd quarter worth about $255,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Old Line Bancshares by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock worth $224,000 after buying an additional 516 shares during the last quarter. State Street Corp boosted its holdings in shares of Old Line Bancshares by 28.2% in the 2nd quarter. State Street Corp now owns 165,433 shares of the bank’s stock worth $4,662,000 after buying an additional 36,434 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Old Line Bancshares by 390.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 9,800 shares of the bank’s stock worth $275,000 after buying an additional 7,800 shares during the last quarter. 41.57% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on OLBK. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $31.00 price target on shares of Old Line Bancshares in a report on Thursday, October 26th. ValuEngine downgraded shares of Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Old Line Bancshares from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.00.

Shares of Old Line Bancshares, Inc. (OLBK) opened at $28.69 on Friday. Old Line Bancshares, Inc. has a 52 week low of $20.09 and a 52 week high of $30.44. The stock has a market capitalization of $357.71, a PE ratio of 20.06 and a beta of 0.27. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19.

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In other news, EVP Joseph E. Burnett acquired 9,800 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $7.75 per share, for a total transaction of $75,950.00. Following the purchase, the executive vice president now owns 63,794 shares of the company’s stock, valued at approximately $494,403.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Suit II acquired 1,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of $30.25 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now directly owns 66,844 shares in the company, valued at approximately $2,022,031. The disclosure for this purchase can be found here. Insiders purchased a total of 11,209 shares of company stock worth $118,613 over the last 90 days. 25.07% of the stock is currently owned by company insiders.

Old Line Bancshares 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.

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Institutional Ownership by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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