Morgan Stanley Has $441,000 Position in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Morgan Stanley reduced its stake in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 20.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,566 shares of the bank’s stock after selling 4,159 shares during the period. Morgan Stanley owned about 0.10% of Old Line Bancshares, Inc. (MD) worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Old Line Bancshares, Inc. (MD) by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 96,498 shares of the bank’s stock worth $2,567,000 after buying an additional 602 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Old Line Bancshares, Inc. (MD) by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,688 shares of the bank’s stock worth $977,000 after purchasing an additional 1,230 shares during the period. Bank of Montreal Can acquired a new position in shares of Old Line Bancshares, Inc. (MD) in the 2nd quarter worth approximately $34,000. Aperio Group LLC acquired a new position in shares of Old Line Bancshares, Inc. (MD) in the 2nd quarter worth approximately $55,000. Finally, Swiss National Bank lifted its position in shares of Old Line Bancshares, Inc. (MD) by 9.1% in the 2nd quarter. Swiss National Bank now owns 25,300 shares of the bank’s stock worth $673,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 50.53% of the company’s stock.

In other Old Line Bancshares, Inc. (MD) news, Director Eric D. Hovde sold 12,500 shares of the company’s stock in a transaction dated 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 directly owns 870 shares of the company’s stock, valued at $24,855.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.36% of the stock is currently owned by insiders.

OLBK has been the topic of a number of recent analyst reports. Sandler O’Neill upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. BidaskClub upgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded shares of Old Line Bancshares, Inc. (MD) from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 24th. Zacks Investment Research downgraded shares of Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Old Line Bancshares, Inc. (MD) has a consensus rating of “Hold” and an average price target of $33.50.

Shares of NASDAQ:OLBK traded down $0.11 during mid-day trading on Tuesday, hitting $29.22. The company had a trading volume of 300 shares, compared to its average volume of 66,997. The firm has a fifty day moving average price of $29.18 and a 200 day moving average price of $27.01. The company has a market capitalization of $502.33 million, a PE ratio of 13.40 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.95. Old Line Bancshares, Inc. has a one year low of $24.12 and a one year high of $31.22.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $27.61 million for the quarter, compared to the consensus estimate of $28.38 million. Old Line Bancshares, Inc. (MD) had a net margin of 26.40% and a return on equity of 9.67%. Research analysts expect that Old Line Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

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