Gail D. Manuel Purchases 409 Shares of Old Line Bancshares, Inc. (NASDAQ:OLBK) Stock

Old Line Bancshares, Inc. (NASDAQ:OLBK) Director Gail D. Manuel bought 409 shares of the business’s stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $30.35 per share, for a total transaction of $12,413.15. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Old Line Bancshares, Inc. (NASDAQ OLBK) opened at $29.26 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. Old Line Bancshares, Inc. has a 12 month low of $19.36 and a 12 month high of $30.44. The company has a market cap of $362.31, a P/E ratio of 20.32 and a beta of 0.27.

TRADEMARK VIOLATION NOTICE: This story was first posted by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://weekherald.com/2017/11/15/old-line-bancshares-inc-olbk-director-gail-d-manuel-buys-409-shares.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maltese Capital Management LLC lifted its stake in Old Line Bancshares by 33.5% during the 3rd quarter. Maltese Capital Management LLC now owns 26,700 shares of the bank’s stock valued at $748,000 after acquiring an additional 6,700 shares during the period. Castine Capital Management LLC acquired a new stake in Old Line Bancshares during the 3rd quarter valued at approximately $4,194,000. Stifel Financial Corp lifted its stake in Old Line Bancshares by 14.2% during the 3rd quarter. Stifel Financial Corp now owns 37,397 shares of the bank’s stock valued at $1,050,000 after acquiring an additional 4,649 shares during the period. OxFORD Asset Management LLP lifted its stake in Old Line Bancshares by 21.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 14,910 shares of the bank’s stock valued at $419,000 after acquiring an additional 2,646 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Old Line Bancshares by 11.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 178,141 shares of the bank’s stock valued at $4,988,000 after purchasing an additional 18,993 shares during the period. Institutional investors and hedge funds own 41.57% of the company’s stock.

Several analysts have weighed in on OLBK shares. ValuEngine downgraded shares of Old Line Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 target price on shares of Old Line Bancshares in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Old Line Bancshares from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, BidaskClub downgraded shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.00.

About Old Line Bancshares

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.

Insider Buying and Selling by Quarter for Old Line Bancshares (NASDAQ:OLBK)

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

Leave a Reply