TIAA CREF Investment Management LLC boosted its stake in shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,540 shares of the bank’s stock after buying an additional 2,351 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of Old Line Bancshares worth $841,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC increased its stake in shares of Old Line Bancshares by 44,062.5% in the first quarter. Acrospire Investment Management LLC now owns 3,533 shares of the bank’s stock valued at $101,000 after buying an additional 3,525 shares during the last quarter. American International Group Inc. increased its stake in shares of Old Line Bancshares by 7.1% in the first quarter. American International Group Inc. now owns 5,153 shares of the bank’s stock valued at $147,000 after buying an additional 342 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Old Line Bancshares by 40.6% in the first quarter. Nationwide Fund Advisors now owns 7,193 shares of the bank’s stock valued at $205,000 after buying an additional 2,077 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Old Line Bancshares by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 12,537 shares of the bank’s stock valued at $301,000 after buying an additional 1,024 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Old Line Bancshares during the first quarter valued at approximately $303,000. 42.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Old Line Bancshares, Inc. (OLBK) traded up 0.0746% during midday trading on Monday, reaching $26.7099. 3,151 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $27.49 and a 200-day moving average price of $27.88. The stock has a market cap of $332.56 million, a P/E ratio of 18.6783 and a beta of 0.25. Old Line Bancshares, Inc. has a 52-week low of $18.91 and a 52-week high of $29.90.

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Several brokerages have commented on OLBK. Keefe, Bruyette & Woods downgraded shares of Old Line Bancshares from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $31.00 to $29.00 in a research note on Monday, July 17th. ValuEngine raised shares of Old Line Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Old Line Bancshares from a “buy” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

In related news, Director Stephen J. Deadrick acquired 200 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $262.44 per share, for a total transaction of $52,488.00. Following the purchase, the director now directly owns 26,469 shares of the company’s stock, valued at approximately $6,946,524.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James W. Cornelsen acquired 1,813 shares of the stock in a transaction dated Wednesday, July 19th. The stock was bought at an average price of $27.51 per share, with a total value of $49,875.63. Following the purchase, the insider now directly owns 169,551 shares in the company, valued at $4,664,348.01. The disclosure for this purchase can be found here. Insiders bought a total of 8,241 shares of company stock worth $271,562 in the last 90 days. Corporate insiders own 25.07% of the company’s stock.

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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

Institutional Ownership by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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