Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. Old Line Bancshares, Inc. (MD)’s rating score has declined by 9.4% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus price target of $34.00 for the company and are anticipating that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Line Bancshares, Inc. (MD) an industry rank of 126 out of 265 based on the ratings given to its competitors.

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OLBK has been the topic of several research reports. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised 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 note on Saturday, January 13th. Sandler O’Neill reissued a “buy” rating and set a $34.50 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $35.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Tuesday, February 27th. Finally, ValuEngine lowered Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other Old Line Bancshares, Inc. (MD) news, Director James R. Sr Clifford, Sr. sold 1,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $31.94, for a total transaction of $47,910.00. Following the sale, the director now owns 13,598 shares in the company, valued at approximately $434,320.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James F. Dent sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.65, for a total value of $31,650.00. Following the sale, the director now owns 61,992 shares in the company, valued at approximately $1,962,046.80. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,377 shares of company stock worth $43,193. 25.07% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Old Line Bancshares, Inc. (MD) during the 4th quarter worth about $129,000. Cornerstone Capital Management Holdings LLC. increased its holdings in Old Line Bancshares, Inc. (MD) by 142.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 10,900 shares of the bank’s stock worth $320,000 after purchasing an additional 6,400 shares during the period. Two Sigma Securities LLC purchased a new stake in Old Line Bancshares, Inc. (MD) during the 4th quarter worth about $225,000. Kendall Capital Management purchased a new stake in Old Line Bancshares, Inc. (MD) during the 4th quarter worth about $531,000. Finally, Deutsche Bank AG increased its holdings in Old Line Bancshares, Inc. (MD) by 79.1% during the 4th quarter. Deutsche Bank AG now owns 76,742 shares of the bank’s stock worth $2,257,000 after purchasing an additional 33,886 shares during the period. Institutional investors own 47.58% of the company’s stock.

Old Line Bancshares, Inc. (NASDAQ OLBK) opened at $33.54 on Thursday. Old Line Bancshares, Inc. has a 12 month low of $26.01 and a 12 month high of $33.74. The company has a market capitalization of $419.52, a price-to-earnings ratio of 23.45 and a beta of 0.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $19.03 million for the quarter, compared to analyst estimates of $19.88 million. sell-side analysts expect that Old Line Bancshares, Inc. will post 2.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, March 15th.

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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.

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