Brokerages Anticipate Old Line Bancshares, Inc. (MD) (OLBK) to Announce $0.58 EPS

Equities analysts expect that Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) will report earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Old Line Bancshares, Inc. (MD)’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. Old Line Bancshares, Inc. (MD) reported earnings per share of $0.42 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.1%. The company is expected to announce its next earnings report on Tuesday, January 22nd.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.19. For the next fiscal year, analysts anticipate that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Old Line Bancshares, Inc. (MD).

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a return on equity of 10.63% and a net margin of 20.78%. The company had revenue of $27.69 million for the quarter, compared to the consensus estimate of $27.97 million.

OLBK has been the topic of several research reports. Stephens set a $35.00 price objective on shares of Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a report on Friday, October 19th. Sandler O’Neill downgraded shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Raymond James dropped their price objective on shares of Old Line Bancshares, Inc. (MD) from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.42.

NASDAQ:OLBK opened at $30.21 on Monday. Old Line Bancshares, Inc. has a 52-week low of $27.18 and a 52-week high of $35.72. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock has a market cap of $508.17 million, a PE ratio of 14.88 and a beta of 0.40.

In related news, Director Eric D. Hovde sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $30.06, for a total value of $60,120.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric D. Hovde sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $34.00, for a total transaction of $340,000.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 1,446 shares of company stock worth $41,714 and sold 49,673 shares worth $1,681,859. Insiders own 10.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its stake in Old Line Bancshares, Inc. (MD) by 4.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 42,313 shares of the bank’s stock valued at $1,477,000 after acquiring an additional 1,667 shares during the period. Barclays PLC increased its stake in Old Line Bancshares, Inc. (MD) by 116.9% in the first quarter. Barclays PLC now owns 3,230 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,741 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Old Line Bancshares, Inc. (MD) by 72.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $186,000 after acquiring an additional 2,237 shares during the period. Catalyst Capital Advisors LLC increased its stake in Old Line Bancshares, Inc. (MD) by 9.4% in the second quarter. Catalyst Capital Advisors LLC now owns 26,800 shares of the bank’s stock valued at $935,000 after acquiring an additional 2,300 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Old Line Bancshares, Inc. (MD) by 22.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 15,000 shares of the bank’s stock valued at $495,000 after acquiring an additional 2,700 shares during the period. 47.88% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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