Wall Street brokerages expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to post sales of $28.45 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Old Line Bancshares, Inc. (MD)’s earnings, with estimates ranging from $28.16 million to $28.75 million. Old Line Bancshares, Inc. (MD) posted sales of $19.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 49.5%. The company is scheduled to report its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year sales of $102.66 million for the current financial year, with estimates ranging from $101.82 million to $103.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $120.36 million, with estimates ranging from $118.52 million to $122.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Old Line Bancshares, Inc. (MD).

Several brokerages recently commented on OLBK. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Stephens reiterated a “buy” rating and set a $34.00 price target on shares of Old Line Bancshares, Inc. (MD) in a research note on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.50.

NASDAQ:OLBK traded down $0.44 during midday trading on Wednesday, hitting $28.99. 49,544 shares of the company were exchanged, compared to its average volume of 53,535. Old Line Bancshares, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $495.26 million, a P/E ratio of 18.58 and a beta of 0.55.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.38%. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is currently 25.64%.

In other Old Line Bancshares, Inc. (MD) news, COO Mark A. Semanie acquired 1,000 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of $27.75 per share, for a total transaction of $27,750.00. Following the completion of the purchase, the chief operating officer now owns 15,688 shares in the company, valued at approximately $435,342. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric D. Hovde sold 1,881 shares of Old Line Bancshares, Inc. (MD) stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $30.33, for a total transaction of $57,050.73. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,708 shares of company stock worth $47,916 and have sold 16,966 shares worth $511,691. 10.61% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of OLBK. Metropolitan Life Insurance Co. NY increased its stake in Old Line Bancshares, Inc. (MD) by 72.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $186,000 after purchasing an additional 2,237 shares during the period. SG Americas Securities LLC acquired a new position in Old Line Bancshares, Inc. (MD) in the third quarter valued at $201,000. PNC Financial Services Group Inc. acquired a new position in Old Line Bancshares, Inc. (MD) in the second quarter valued at $202,000. MetLife Investment Advisors LLC increased its stake in Old Line Bancshares, Inc. (MD) by 73.8% in the second quarter. MetLife Investment Advisors LLC now owns 7,597 shares of the bank’s stock valued at $265,000 after purchasing an additional 3,227 shares during the period. Finally, Founders Financial Securities LLC acquired a new position in Old Line Bancshares, Inc. (MD) in the third quarter valued at $287,000. Institutional investors own 50.10% of the company’s stock.

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.

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