Old Line Bancshares (OLBK) Earns Daily Media Impact Score of 0.18
News stories about Old Line Bancshares (NASDAQ:OLBK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Line Bancshares earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.4825214328192 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Old Line Bancshares: Accumulating Assets, But EPS Growth Has Stalled (seekingalpha.com)
- Bay Bancorp, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Merger with Old Line Bancshares, Inc. (tmcnet.com)
- Old Line Bancshares, Inc. : OLBK-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 4, 2017 (finance.yahoo.com)
- Why Old Line Bancshares Inc (OLBK) Could Be A Buy (finance.yahoo.com)
- Q3 2017 EPS Estimates for Old Line Bancshares, Inc. (OLBK) Reduced by Analyst (americanbankingnews.com)
A number of research firms have recently issued reports on OLBK. Keefe, Bruyette & Woods downgraded shares of Old Line Bancshares from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $31.00 to $29.00 in a report on Monday, July 17th. Zacks Investment Research raised shares of Old Line Bancshares from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.
Old Line Bancshares (NASDAQ OLBK) traded up 0.84% during mid-day trading on Friday, hitting $28.67. 49,914 shares of the stock were exchanged. Old Line Bancshares has a 52 week low of $18.91 and a 52 week high of $29.90. The stock has a market capitalization of $356.97 million, a PE ratio of 20.05 and a beta of 0.26. The company has a 50-day moving average of $27.60 and a 200-day moving average of $27.73.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 1.12%. Old Line Bancshares’s payout ratio is 22.38%.
In other Old Line Bancshares news, Director Stephen J. Deadrick acquired 200 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $262.44 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John M. Suit II acquired 3,350 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was acquired at an average cost of $27.52 per share, with a total value of $92,192.00. Following the completion of the purchase, the director now directly owns 64,394 shares in the company, valued at $1,772,122.88. The disclosure for this purchase can be found here. Insiders have purchased 8,241 shares of company stock valued at $271,562 over the last ninety days. 25.07% of the stock is currently owned by corporate insiders.
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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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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