First Trust Advisors LP boosted its position in shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 28.8% in the third quarter, Holdings Channel reports. The firm owned 47,026 shares of the bank’s stock after purchasing an additional 10,528 shares during the period. First Trust Advisors LP’s holdings in Old Line Bancshares, Inc. (MD) were worth $1,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Old Line Bancshares, Inc. (MD) by 100.5% during the second quarter. BlackRock Inc. now owns 810,841 shares of the bank’s stock valued at $28,306,000 after purchasing an additional 406,390 shares during the last quarter. Renaissance Technologies LLC boosted its position in Old Line Bancshares, Inc. (MD) by 56.6% during the second quarter. Renaissance Technologies LLC now owns 433,240 shares of the bank’s stock valued at $15,124,000 after purchasing an additional 156,540 shares during the last quarter. Maltese Capital Management LLC boosted its position in Old Line Bancshares, Inc. (MD) by 2.4% during the second quarter. Maltese Capital Management LLC now owns 340,000 shares of the bank’s stock valued at $11,869,000 after purchasing an additional 8,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Old Line Bancshares, Inc. (MD) by 36.7% during the second quarter. Dimensional Fund Advisors LP now owns 328,239 shares of the bank’s stock valued at $11,459,000 after purchasing an additional 88,103 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Old Line Bancshares, Inc. (MD) by 78.0% during the second quarter. Northern Trust Corp now owns 168,648 shares of the bank’s stock valued at $5,888,000 after buying an additional 73,905 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

NASDAQ OLBK opened at $28.48 on Friday. Old Line Bancshares, Inc. has a fifty-two week low of $27.18 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $485.74 million, a price-to-earnings ratio of 18.26 and a beta of 0.37.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 10.63%. The company had revenue of $27.69 million for the quarter, compared to the consensus estimate of $27.97 million. Analysts anticipate that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.40%. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is currently 25.64%.

Several equities analysts have weighed in on OLBK shares. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. Stephens set a $35.00 target price on Old Line Bancshares, Inc. (MD) and gave the company a “buy” rating in a report on Friday, October 19th. Raymond James cut their target price on Old Line Bancshares, Inc. (MD) from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Finally, Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.42.

In other news, Director Eric D. Hovde sold 12,839 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $34.38, for a total value of $441,404.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mark A. Semanie acquired 1,000 shares of the company’s stock in a transaction dated Thursday, October 25th. The stock was acquired at an average price of $27.75 per share, for a total transaction of $27,750.00. Following the completion of the purchase, the chief operating officer now directly owns 15,688 shares of the company’s stock, valued at approximately $435,342. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,830 shares of company stock worth $51,270 and have sold 47,083 shares worth $1,543,339. 10.61% of the stock is owned by company insiders.

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About Old Line Bancshares, Inc. (MD)

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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Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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