Weekly Analysts’ Ratings Changes for Old Line Bancshares, Inc. (MD) (OLBK)

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A number of research firms have changed their ratings and price targets for Old Line Bancshares, Inc. (MD) (NASDAQ: OLBK):

  • 9/19/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 9/19/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/13/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 9/13/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/7/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 9/4/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/30/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 8/20/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 7/31/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 7/27/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/26/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/25/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $33.00 price target on the stock, up previously from $28.00.
  • 7/25/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
  • 7/25/2019 – Old Line Bancshares, Inc. (MD) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating.
  • 7/24/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating.
  • 7/24/2019 – Old Line Bancshares, Inc. (MD) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.

OLBK stock traded down $0.11 during midday trading on Thursday, reaching $29.22. 4,576 shares of the company’s stock traded hands, compared to its average volume of 83,785. The company has a 50-day moving average price of $27.09 and a two-hundred day moving average price of $26.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.96. Old Line Bancshares, Inc. has a 52 week low of $24.12 and a 52 week high of $34.29. The firm has a market capitalization of $495.18 million, a PE ratio of 13.34 and a beta of 0.59.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.64%. Old Line Bancshares, Inc. (MD)’s payout ratio is 21.92%.

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

Several institutional investors have recently added to or reduced their stakes in OLBK. Banc Funds Co. LLC increased its holdings in shares of Old Line Bancshares, Inc. (MD) by 32.2% in the second quarter. Banc Funds Co. LLC now owns 380,999 shares of the bank’s stock worth $10,138,000 after purchasing an additional 92,736 shares during the period. Mendon Capital Advisors Corp increased its holdings in shares of Old Line Bancshares, Inc. (MD) by 10.8% in the second quarter. Mendon Capital Advisors Corp now owns 761,010 shares of the bank’s stock worth $20,250,000 after purchasing an additional 74,139 shares during the period. Jennison Associates LLC increased its holdings in shares of Old Line Bancshares, Inc. (MD) by 14.3% in the first quarter. Jennison Associates LLC now owns 501,440 shares of the bank’s stock worth $12,501,000 after purchasing an additional 62,682 shares during the period. MACRO Consulting Group bought a new position in shares of Old Line Bancshares, Inc. (MD) in the second quarter worth $1,397,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Old Line Bancshares, Inc. (MD) by 9,278.1% in the first quarter. Victory Capital Management Inc. now owns 52,611 shares of the bank’s stock worth $1,312,000 after purchasing an additional 52,050 shares during the period. 51.21% of the stock is currently owned by hedge funds and other institutional investors.

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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