Thomas H. Graham Buys 500 Shares of Old Line Bancshares Inc. (OLBK) Stock
Old Line Bancshares Inc. (NASDAQ:OLBK) Director Thomas H. Graham acquired 500 shares of the stock in a transaction dated Monday, November 21st. The shares were bought at an average price of $21.00 per share, with a total value of $10,500.00. Following the completion of the purchase, the director now directly owns 26,942 shares of the company’s stock, valued at approximately $565,782. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Old Line Bancshares Inc. (NASDAQ:OLBK) opened at 21.50 on Wednesday. The firm has a market capitalization of $233.47 million, a P/E ratio of 21.70 and a beta of 0.34. Old Line Bancshares Inc. has a 52-week low of $16.75 and a 52-week high of $21.93. The company’s 50-day moving average is $19.87 and its 200-day moving average is $19.01.
Old Line Bancshares (NASDAQ:OLBK) last announced its earnings results on Thursday, October 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.34%. On average, analysts predict that Old Line Bancshares Inc. will post $1.15 EPS for the current year.
A number of large investors have recently made changes to their positions in OLBK. Wellington Management Group LLP increased its stake in shares of Old Line Bancshares by 1.8% in the first quarter. Wellington Management Group LLP now owns 640,619 shares of the company’s stock valued at $11,551,000 after buying an additional 11,079 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Old Line Bancshares by 147.5% in the first quarter. Kennedy Capital Management Inc. now owns 48,292 shares of the company’s stock valued at $871,000 after buying an additional 28,778 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Old Line Bancshares by 4.7% in the second quarter. ClariVest Asset Management LLC now owns 15,700 shares of the company’s stock valued at $283,000 after buying an additional 700 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Old Line Bancshares during the second quarter valued at $286,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Old Line Bancshares during the second quarter valued at $316,000. 46.46% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Old Line Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th.
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About Old Line Bancshares
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.
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