Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) declared a dividend on Wednesday, November 15th, Fidelity reports. Stockholders of record on Friday, December 8th will be paid a dividend of 0.08 per share by the bank on Tuesday, January 2nd. The ex-dividend date of this dividend is Thursday, December 7th.

Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) traded up $0.02 during trading on Friday, hitting $30.24. 17,889 shares of the company traded hands, compared to its average volume of 24,617. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. Old Line Bancshares, Inc. has a one year low of $22.38 and a one year high of $30.50. The company has a market capitalization of $377.02, a PE ratio of 21.13 and a beta of 0.27.

In other news, EVP Joseph E. Burnett sold 3,475 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $30.00, for a total transaction of $104,250.00. Following the transaction, the executive vice president now owns 51,180 shares of the company’s stock, valued at approximately $1,535,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Suit II acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were bought at an average cost of $30.25 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 66,844 shares in the company, valued at $2,022,031. The disclosure for this purchase can be found here. Insiders have acquired 11,709 shares of company stock worth $133,738 in the last ninety days. Insiders own 25.07% of the company’s stock.

Several brokerages recently weighed in on OLBK. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday. ValuEngine cut shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price target on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.00.

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About Old Line Bancshares, Inc. (MD)

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.

Dividend History for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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