Catalyst Capital Advisors LLC cut its position in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 6.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,550 shares of the bank’s stock after selling 1,850 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Old Line Bancshares, Inc. (MD) were worth $782,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. OxFORD Asset Management LLP boosted its position in Old Line Bancshares, Inc. (MD) by 15.4% in the second quarter. OxFORD Asset Management LLP now owns 12,264 shares of the bank’s stock valued at $346,000 after buying an additional 1,634 shares in the last quarter. Vanguard Group Inc. boosted its position in Old Line Bancshares, Inc. (MD) by 1.5% in the second quarter. Vanguard Group Inc. now owns 323,213 shares of the bank’s stock valued at $9,108,000 after buying an additional 4,836 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Old Line Bancshares, Inc. (MD) by 14.2% during the third quarter. Stifel Financial Corp now owns 37,397 shares of the bank’s stock worth $1,050,000 after purchasing an additional 4,649 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Old Line Bancshares, Inc. (MD) during the third quarter worth approximately $519,000. Finally, New York State Common Retirement Fund lifted its position in shares of Old Line Bancshares, Inc. (MD) by 106.6% during the second quarter. New York State Common Retirement Fund now owns 9,300 shares of the bank’s stock worth $262,000 after purchasing an additional 4,799 shares in the last quarter. Hedge funds and other institutional investors own 44.67% of the company’s stock.

Old Line Bancshares, Inc. (OLBK) opened at $31.40 on Thursday. Old Line Bancshares, Inc. has a 12-month low of $26.01 and a 12-month high of $31.96. The stock has a market cap of $392.76, a P/E ratio of 21.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Old Line Bancshares, Inc. (MD) had a return on equity of 8.94% and a net margin of 19.60%. The company had revenue of $19.03 million for the quarter, compared to analyst estimates of $19.88 million. research analysts anticipate that Old Line Bancshares, Inc. will post 2.24 EPS for the current fiscal year.

OLBK has been the topic of a number of research reports. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Saturday, January 13th. Sandler O’Neill reiterated a “buy” rating and set a $34.50 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research report on Thursday, October 26th. Finally, ValuEngine lowered shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Old Line Bancshares, Inc. (MD) has an average rating of “Hold” and an average target price of $33.17.

In related news, Director James F. Dent sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.65, for a total transaction of $31,650.00. Following the completion of the sale, the director now directly owns 61,992 shares of the company’s stock, valued at $1,962,046.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 25.07% of the company’s stock.

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Old Line Bancshares, Inc. (MD) 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.

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Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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