Old Line Bancshares, Inc. (MD) (OLBK) Receives $34.50 Consensus Target Price from Brokerages

Old Line Bancshares, Inc. (MD) (OLBK) Receives $34.50 Consensus Target Price from Brokerages

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.50.

Several equities research analysts have recently issued reports on OLBK shares. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Friday, March 29th. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Finally, ValuEngine lowered shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th.

In related news, Director John M. Suit II acquired 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was bought at an average price of $27.31 per share, for a total transaction of $35,503.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director James F. Dent sold 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $28.23, for a total transaction of $28,230.00. Following the sale, the director now owns 60,492 shares of the company’s stock, valued at approximately $1,707,689.16. The disclosure for this sale can be found here. Insiders have purchased a total of 4,935 shares of company stock valued at $135,857 in the last quarter. 12.36% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Walthausen & Co. LLC lifted its holdings in Old Line Bancshares, Inc. (MD) by 5.7% during the 4th quarter. Walthausen & Co. LLC now owns 51,930 shares of the bank’s stock valued at $1,367,000 after buying an additional 2,790 shares in the last quarter. Employees Retirement System of Texas lifted its holdings in Old Line Bancshares, Inc. (MD) by 28.6% during the 4th quarter. Employees Retirement System of Texas now owns 45,000 shares of the bank’s stock valued at $1,184,000 after buying an additional 10,000 shares in the last quarter. Vanguard Group Inc lifted its holdings in Old Line Bancshares, Inc. (MD) by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 583,736 shares of the bank’s stock valued at $18,470,000 after buying an additional 9,212 shares in the last quarter. Mendon Capital Advisors Corp lifted its holdings in Old Line Bancshares, Inc. (MD) by 14.2% during the 4th quarter. Mendon Capital Advisors Corp now owns 637,973 shares of the bank’s stock valued at $16,791,000 after buying an additional 79,399 shares in the last quarter. Finally, Bessemer Group Inc. bought a new stake in Old Line Bancshares, Inc. (MD) during the 4th quarter valued at about $158,000. Institutional investors own 50.63% of the company’s stock.

Old Line Bancshares, Inc. (MD) stock opened at $25.96 on Monday. The stock has a market capitalization of $432.27 million, a PE ratio of 11.85 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.98. Old Line Bancshares, Inc. has a 12-month low of $24.46 and a 12-month high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its earnings results on Wednesday, April 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.04). The firm had revenue of $26.07 million during the quarter, compared to the consensus estimate of $27.17 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.18% and a net margin of 22.16%. Research analysts forecast that Old Line Bancshares, Inc. will post 2.26 EPS for the current year.

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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