Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Director Eric D. Hovde sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $30.06, for a total transaction of $60,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ OLBK traded up $0.17 during midday trading on Friday, reaching $30.21. 40,704 shares of the company’s stock traded hands, compared to its average volume of 38,732. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. Old Line Bancshares, Inc. has a one year low of $27.18 and a one year high of $35.72. The company has a market cap of $508.17 million, a PE ratio of 14.88 and a beta of 0.40.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 20.78% and a return on equity of 10.63%. The business had revenue of $27.69 million for the quarter, compared to the consensus estimate of $27.97 million. On average, analysts forecast that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.
A number of brokerages have commented on OLBK. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Sandler O’Neill downgraded shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Stephens set a $35.00 target price on shares of Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a research note on Friday, October 19th. One investment 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 a consensus rating of “Hold” and a consensus target price of $35.42.
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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