Old Line Bancshares Inc. (OLBK) Director Buys $49,175.00 in Stock
Old Line Bancshares Inc. (NASDAQ:OLBK) Director Carla Hargrove Mcgill bought 2,500 shares of Old Line Bancshares stock in a transaction dated Tuesday, November 8th. The shares were bought at an average cost of $19.67 per share, with a total value of $49,175.00. Following the completion of the acquisition, the director now owns 8,073 shares of the company’s stock, valued at $158,795.91. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Old Line Bancshares Inc. (NASDAQ:OLBK) opened at 21.20 on Monday. The stock has a market capitalization of $230.21 million, a P/E ratio of 21.39 and a beta of 0.34. Old Line Bancshares Inc. has a 52 week low of $16.75 and a 52 week high of $21.90. The company has a 50-day moving average price of $19.62 and a 200 day moving average price of $18.89.
Old Line Bancshares (NASDAQ:OLBK) last released its earnings results on Thursday, October 20th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Old Line Bancshares had a return on equity of 8.34% and a net margin of 16.40%. Analysts forecast that Old Line Bancshares Inc. will post $1.15 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in OLBK. Wells Fargo & Company MN boosted its stake in shares of Old Line Bancshares by 60.0% in the third quarter. Wells Fargo & Company MN now owns 6,402 shares of the company’s stock worth $126,000 after buying an additional 2,400 shares during the period. Advisor Group Inc. bought a new stake in shares of Old Line Bancshares during the second quarter worth approximately $155,000. Emerald Acquisition Ltd. bought a new stake in shares of Old Line Bancshares during the second quarter worth approximately $168,000. Nationwide Fund Advisors bought a new stake in shares of Old Line Bancshares during the second quarter worth approximately $218,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Old Line Bancshares during the second quarter worth approximately $222,000. 46.07% of the stock is owned by institutional investors.
Separately, Zacks Investment Research downgraded Old Line Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st.
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. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
Receive News & Stock Ratings for Old Line Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. and related stocks with our FREE daily email newsletter.