BidaskClub Downgrades Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to Hold

BidaskClub lowered shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) from a buy rating to a hold rating in a research note published on Thursday, November 21st, BidAskClub reports.

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A number of other equities analysts also recently commented on OLBK. ValuEngine upgraded Old Line Bancshares, Inc. (MD) from a sell rating to a hold rating in a research report on Friday, July 26th. Janney Montgomery Scott lowered Old Line Bancshares, Inc. (MD) from a buy rating to a neutral rating in a research report on Wednesday, July 24th. Sandler O’Neill upgraded Old Line Bancshares, Inc. (MD) from a hold rating to a buy rating in a report on Thursday, July 25th. 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, Keefe, Bruyette & Woods upgraded shares of Old Line Bancshares, Inc. (MD) from a market perform rating to an outperform rating and lifted their target price for the company from $28.00 to $33.00 in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) presently has an average rating of Hold and an average price target of $33.50.

Shares of Old Line Bancshares, Inc. (MD) stock remained flat at $$28.83 on Thursday. The stock had a trading volume of 469,332 shares, compared to its average volume of 88,841. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.97. Old Line Bancshares, Inc. has a 1-year low of $24.12 and a 1-year high of $31.22. The firm has a market capitalization of $490.11 million, a P/E ratio of 13.16 and a beta of 0.61. The business has a 50-day simple moving average of $29.19 and a 200-day simple moving average of $27.43.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Old Line Bancshares, Inc. (MD) had a return on equity of 9.56% and a net margin of 26.40%. The firm had revenue of $27.61 million during the quarter, compared to analysts’ expectations of $28.38 million. Research analysts expect that Old Line Bancshares, Inc. will post 2.29 earnings per share for the current year.

In related news, Director Eric D. Hovde sold 12,500 shares of the firm’s 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 sale, the director now owns 870 shares of the company’s stock, valued at $24,855.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.36% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of OLBK. BlackRock Inc. lifted its position in Old Line Bancshares, Inc. (MD) by 5.0% in the second quarter. BlackRock Inc. now owns 916,954 shares of the bank’s stock valued at $24,400,000 after acquiring an additional 43,293 shares during the last quarter. Mendon Capital Advisors Corp grew its stake in Old Line Bancshares, Inc. (MD) by 10.8% during the 2nd quarter. Mendon Capital Advisors Corp now owns 761,010 shares of the bank’s stock worth $20,250,000 after buying an additional 74,139 shares during the last quarter. Vanguard Group Inc. lifted its stake in Old Line Bancshares, Inc. (MD) by 0.7% in the second quarter. Vanguard Group Inc. now owns 670,232 shares of the bank’s stock valued at $17,834,000 after buying an additional 4,671 shares during the last quarter. RMB Capital Management LLC lifted its stake in Old Line Bancshares, Inc. (MD) by 4.2% in the second quarter. RMB Capital Management LLC now owns 565,825 shares of the bank’s stock valued at $15,057,000 after buying an additional 22,568 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Old Line Bancshares, Inc. (MD) by 1.4% in the second quarter. Renaissance Technologies LLC now owns 403,040 shares of the bank’s stock valued at $10,725,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 50.51% 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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Analyst Recommendations for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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