Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, BidAskClub reports.

Several other research firms have also weighed in on OLBK. Keefe, Bruyette & Woods raised shares of Old Line Bancshares, Inc. (MD) from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $28.00 to $33.00 in a research note on Thursday, July 25th. Sandler O’Neill raised shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. ValuEngine raised shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research lowered shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Raymond James lowered shares of Old Line Bancshares, Inc. (MD) from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Old Line Bancshares, Inc. (MD) presently has an average rating of “Hold” and an average price target of $33.50.

Old Line Bancshares, Inc. (MD) stock traded down $0.10 during midday trading on Wednesday, hitting $30.29. 300 shares of the stock were exchanged, compared to its average volume of 60,846. The company has a fifty day simple moving average of $28.71 and a two-hundred day simple moving average of $26.71. Old Line Bancshares, Inc. has a 52 week low of $24.12 and a 52 week high of $31.25. The stock has a market capitalization of $516.63 million, a PE ratio of 13.81 and a beta of 0.61. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Old Line Bancshares, Inc. (MD) had a return on equity of 9.95% and a net margin of 26.08%. The firm had revenue of $26.73 million for the quarter, compared to the consensus estimate of $27.45 million. As a group, equities research analysts anticipate that Old Line Bancshares, Inc. will post 2.2 EPS for the current fiscal year.

In other Old Line Bancshares, Inc. (MD) news, Director Eric D. Hovde sold 12,500 shares of Old Line Bancshares, Inc. (MD) stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $28.57, for a total value of $357,125.00. Following the transaction, the director now owns 870 shares of the company’s stock, valued at $24,855.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.36% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OLBK. Marshall Wace LLP bought a new position in Old Line Bancshares, Inc. (MD) in the first quarter valued at approximately $245,000. Aperio Group LLC acquired a new stake in shares of Old Line Bancshares, Inc. (MD) in the second quarter valued at approximately $55,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Old Line Bancshares, Inc. (MD) in the second quarter valued at approximately $434,000. Swiss National Bank raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 9.1% in the second quarter. Swiss National Bank now owns 25,300 shares of the bank’s stock valued at $673,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Teton Advisors Inc. raised its holdings in shares of Old Line Bancshares, Inc. (MD) by 16.4% in the second quarter. Teton Advisors Inc. now owns 42,479 shares of the bank’s stock valued at $1,130,000 after purchasing an additional 6,000 shares during the last quarter. 51.29% of the stock is currently owned by hedge funds and other institutional investors.

About Old Line Bancshares, Inc. (MD)

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

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