BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) from a sell rating to a hold rating in a research note published on Tuesday.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Old Line Bancshares, Inc. (MD) from a sell rating to a hold rating in a research report on Wednesday, July 25th. Sandler O’Neill cut shares of Old Line Bancshares, Inc. (MD) from a buy rating to a hold rating in a research report on Thursday, July 26th. Stephens set a $35.00 target price on shares of Old Line Bancshares, Inc. (MD) and gave the company a buy rating in a research report on Friday, October 19th. Finally, Raymond James decreased their target price on shares of Old Line Bancshares, Inc. (MD) from $37.00 to $35.00 and set an outperform rating on the stock in a research report on Friday, October 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $35.42.

Shares of OLBK opened at $30.76 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. Old Line Bancshares, Inc. has a 12-month low of $27.18 and a 12-month high of $35.72. The stock has a market capitalization of $513.26 million, a P/E ratio of 19.72 and a beta of 0.40.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 10.63%. The company had revenue of $27.69 million during the quarter, compared to analyst estimates of $27.97 million. Equities research analysts anticipate that Old Line Bancshares, Inc. will post 2.19 EPS for the current year.

In other Old Line Bancshares, Inc. (MD) news, Director Eric D. Hovde sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $34.25, for a total value of $342,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric D. Hovde sold 12,839 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $34.38, for a total transaction of $441,404.82. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,446 shares of company stock worth $41,714 and sold 47,244 shares worth $1,587,870. Corporate insiders own 10.61% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its position in shares of Old Line Bancshares, Inc. (MD) by 72.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock worth $186,000 after purchasing an additional 2,237 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Old Line Bancshares, Inc. (MD) during the third quarter worth about $201,000. PNC Financial Services Group Inc. acquired a new stake in shares of Old Line Bancshares, Inc. (MD) during the second quarter worth about $202,000. MetLife Investment Advisors LLC lifted its position in shares of Old Line Bancshares, Inc. (MD) by 73.8% during the second quarter. MetLife Investment Advisors LLC now owns 7,597 shares of the bank’s stock worth $265,000 after purchasing an additional 3,227 shares in the last quarter. Finally, Founders Financial Securities LLC acquired a new stake in shares of Old Line Bancshares, Inc. (MD) during the third quarter worth about $287,000. 48.34% of the stock is currently owned by institutional investors and hedge funds.

Old Line Bancshares, Inc. (MD) Company Profile

Old Line Bancshares, Inc operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Analyst Recommendations for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Receive News & Ratings for Old Line Bancshares Inc. (MD) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. (MD) and related companies with MarketBeat.com's FREE daily email newsletter.