Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 7,278 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $34.04, for a total value of $247,743.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ:OLBK opened at $33.97 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $582.55 million, a price-to-earnings ratio of 21.78 and a beta of 0.29. Old Line Bancshares, Inc. has a 12-month low of $26.98 and a 12-month high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Tuesday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $26.50 million for the quarter, compared to analyst estimates of $26.90 million. Old Line Bancshares, Inc. (MD) had a return on equity of 9.23% and a net margin of 17.09%. equities research analysts predict that Old Line Bancshares, Inc. will post 2.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.18%. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is 25.64%.

OLBK has been the topic of several research analyst reports. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 3rd. Sandler O’Neill lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.63.

A number of large investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. raised its stake in Old Line Bancshares, Inc. (MD) by 4.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 42,313 shares of the bank’s stock valued at $1,477,000 after buying an additional 1,667 shares during the period. Barclays PLC raised its stake in Old Line Bancshares, Inc. (MD) by 116.9% in the first quarter. Barclays PLC now owns 3,230 shares of the bank’s stock valued at $106,000 after buying an additional 1,741 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Old Line Bancshares, Inc. (MD) by 72.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock worth $186,000 after purchasing an additional 2,237 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Old Line Bancshares, Inc. (MD) by 9.4% during the second quarter. Catalyst Capital Advisors LLC now owns 26,800 shares of the bank’s stock worth $935,000 after purchasing an additional 2,300 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Old Line Bancshares, Inc. (MD) by 22.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,000 shares of the bank’s stock worth $495,000 after purchasing an additional 2,700 shares during the period. Hedge funds and other institutional investors own 47.94% of the company’s stock.

Old Line Bancshares, Inc. (MD) Company Profile

Old Line Bancshares, Inc operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit.

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Insider Buying and Selling by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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