Old Line Bancshares, Inc. (NASDAQ:OLBK) Director John M. Suit II purchased 500 shares of the stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $30.25 per share, for a total transaction of $15,125.00. Following the completion of the acquisition, the director now owns 67,844 shares of the company’s stock, valued at $2,052,281. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Old Line Bancshares, Inc. (NASDAQ:OLBK) opened at $29.00 on Tuesday. Old Line Bancshares, Inc. has a 1-year low of $20.09 and a 1-year high of $30.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $357.69, a PE ratio of 20.06 and a beta of 0.27.

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A number of hedge funds have recently bought and sold shares of OLBK. Bank of New York Mellon Corp lifted its holdings in Old Line Bancshares by 18.7% in the first quarter. Bank of New York Mellon Corp now owns 30,880 shares of the bank’s stock valued at $879,000 after acquiring an additional 4,854 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Old Line Bancshares by 29.4% in the first quarter. JPMorgan Chase & Co. now owns 29,672 shares of the bank’s stock worth $845,000 after buying an additional 6,743 shares during the period. American International Group Inc. raised 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 worth $147,000 after buying an additional 342 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Old Line Bancshares by 8.6% in the first quarter. TIAA CREF Investment Management LLC now owns 29,540 shares of the bank’s stock worth $841,000 after buying an additional 2,351 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Old Line Bancshares by 37.5% in the first quarter. Vanguard Group Inc. now owns 318,377 shares of the bank’s stock worth $9,067,000 after buying an additional 86,894 shares during the period. 42.36% of the stock is currently owned by institutional investors.

OLBK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price target on shares of Old Line Bancshares in a report on Thursday, October 26th. ValuEngine downgraded Old Line Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub downgraded Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Old Line Bancshares from a “strong sell” rating to a “hold” rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Old Line Bancshares has an average rating of “Hold” and an average price target of $31.00.

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.

Insider Buying and Selling by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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