Elizabeth Park Capital Advisors Ltd. Has $8.38 Million Position in Old Line Bancshares, Inc. (MD) (OLBK)

Elizabeth Park Capital Advisors Ltd. boosted its holdings in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,985 shares of the bank’s stock after acquiring an additional 12,000 shares during the quarter. Old Line Bancshares, Inc. (MD) accounts for 2.3% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 19th largest position. Elizabeth Park Capital Advisors Ltd. owned about 1.56% of Old Line Bancshares, Inc. (MD) worth $8,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Old Line Bancshares, Inc. (MD) by 4.8% during the 3rd quarter. BlackRock Inc. now owns 850,062 shares of the bank’s stock valued at $26,895,000 after purchasing an additional 39,221 shares in the last quarter. Jennison Associates LLC boosted its stake in Old Line Bancshares, Inc. (MD) by 3,279.0% during the 3rd quarter. Jennison Associates LLC now owns 434,273 shares of the bank’s stock valued at $13,740,000 after purchasing an additional 421,421 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Old Line Bancshares, Inc. (MD) by 56.6% during the 2nd quarter. Renaissance Technologies LLC now owns 433,240 shares of the bank’s stock valued at $15,124,000 after purchasing an additional 156,540 shares in the last quarter. Maltese Capital Management LLC boosted its stake in Old Line Bancshares, Inc. (MD) by 2.4% during the 2nd quarter. Maltese Capital Management LLC now owns 340,000 shares of the bank’s stock valued at $11,869,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 36.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 328,239 shares of the bank’s stock worth $11,459,000 after acquiring an additional 88,103 shares in the last quarter. 51.16% of the stock is owned by hedge funds and other institutional investors.

OLBK has been the subject of several research reports. BidaskClub lowered Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Zacks Investment Research lowered Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Raymond James reduced their price objective on Old Line Bancshares, Inc. (MD) from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Finally, Stephens set a $35.00 price objective on Old Line Bancshares, Inc. (MD) and gave the stock a “buy” rating in a research note on Friday, October 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.42.

Shares of Old Line Bancshares, Inc. (MD) stock opened at $29.95 on Friday. The firm has a market capitalization of $501.71 million, a PE ratio of 19.20 and a beta of 0.40. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. Old Line Bancshares, Inc. has a 12 month low of $27.18 and a 12 month high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). The business had revenue of $27.69 million during the quarter, compared to analyst estimates of $27.97 million. Old Line Bancshares, Inc. (MD) had a return on equity of 10.63% and a net margin of 20.78%. As a group, analysts predict that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

In other news, Director Eric D. Hovde sold 12,839 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $34.38, for a total value of $441,404.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric D. Hovde sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $34.00, for a total value of $340,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,297 shares of company stock valued at $1,619,636. 10.61% of the stock is currently owned by insiders.

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Old Line Bancshares, Inc. (MD) 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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Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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