Old Line Bancshares, Inc. (OLBK) Announces Quarterly Dividend of $0.08
Old Line Bancshares, Inc. (NASDAQ:OLBK) announced a quarterly dividend on Tuesday, August 29th, NASDAQ reports. Investors of record on Friday, September 15th will be given a dividend of 0.08 per share by the bank on Friday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Old Line Bancshares (NASDAQ OLBK) opened at 27.63 on Wednesday. The firm has a market cap of $344.02 million, a PE ratio of 19.32 and a beta of 0.25. Old Line Bancshares has a 52-week low of $18.91 and a 52-week high of $29.90. The company’s 50-day moving average price is $27.34 and its 200-day moving average price is $27.87.
A number of equities research analysts have issued reports on OLBK shares. ValuEngine raised shares of Old Line Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Old Line Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods downgraded shares of Old Line Bancshares from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $31.00 to $29.00 in a research report on Monday, July 17th. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Old Line Bancshares has a consensus rating of “Hold” and an average target price of $26.00.
COPYRIGHT VIOLATION NOTICE: This news story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/30/old-line-bancshares-inc-olbk-announces-quarterly-dividend-of-0-08.html.
In related news, Director Stephen J. Deadrick bought 1,800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $26.22 per share, for a total transaction of $47,196.00. Following the completion of the purchase, the director now directly owns 24,472 shares in the company, valued at $641,655.84. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Deadrick bought 200 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 26,469 shares of the company’s stock, valued at $6,946,524.36. The disclosure for this purchase can be found here. Insiders acquired a total of 8,241 shares of company stock valued at $271,562 over the last ninety days. 25.07% of the stock is currently owned by insiders.
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.
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.