Eric D. Hovde Sells 4,429 Shares of Old Line Bancshares, Inc. (MD) (OLBK) Stock

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 4,429 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $34.80, for a total value of $154,129.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ OLBK opened at $34.03 on Thursday. Old Line Bancshares, Inc. has a twelve month low of $26.17 and a twelve month high of $35.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. The stock has a market cap of $593.08 million, a P/E ratio of 21.81 and a beta of 0.30.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Tuesday, July 24th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Old Line Bancshares, Inc. (MD) had a return on equity of 10.86% and a net margin of 17.09%. The business had revenue of $26.50 million during the quarter, compared to analysts’ expectations of $26.90 million. analysts expect that Old Line Bancshares, Inc. will post 2.22 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of OLBK. Barclays PLC lifted its position in shares of Old Line Bancshares, Inc. (MD) by 116.9% during the 1st quarter. Barclays PLC now owns 3,230 shares of the bank’s stock worth $106,000 after purchasing an additional 1,741 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Old Line Bancshares, Inc. (MD) during the 4th quarter worth about $129,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Old Line Bancshares, Inc. (MD) by 72.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock worth $186,000 after purchasing an additional 2,237 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Old Line Bancshares, Inc. (MD) during the 2nd quarter worth about $202,000. Finally, Mackay Shields LLC acquired a new position in shares of Old Line Bancshares, Inc. (MD) during the 1st quarter worth about $234,000. 38.95% of the stock is owned by institutional investors and hedge funds.

OLBK has been the subject of a number of analyst reports. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, Sandler O’Neill cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) has an average rating of “Hold” and a consensus target price of $35.63.

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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