According to Zacks, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area. “
Old Line Bancshares (NASDAQ:OLBK) opened at 19.52 on Wednesday. The stock has a market capitalization of $211.58 million, a P/E ratio of 20.33 and a beta of 0.49. The firm’s 50 day moving average is $19.55 and its 200 day moving average is $18.68. Old Line Bancshares has a 1-year low of $16.34 and a 1-year high of $20.09.
Old Line Bancshares (NASDAQ:OLBK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.24%. On average, equities research analysts anticipate that Old Line Bancshares will post $1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. Old Line Bancshares’s dividend payout ratio (DPR) is presently 25.00%.
In related news, Director Thomas H. Graham acquired 2,710 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $51,977.80. Following the purchase, the director now owns 26,439 shares in the company, valued at approximately $507,100.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 25.81% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in OLBK. Wellington Management Group LLP increased its position in Old Line Bancshares by 1.8% in the first quarter. Wellington Management Group LLP now owns 640,619 shares of the company’s stock valued at $11,551,000 after buying an additional 11,079 shares during the last quarter. RMB Capital Management LLC increased its position in Old Line Bancshares by 618.6% in the second quarter. RMB Capital Management LLC now owns 299,966 shares of the company’s stock valued at $5,399,000 after buying an additional 258,223 shares during the last quarter. Mendon Capital Advisors Corp increased its position in Old Line Bancshares by 376.0% in the second quarter. Mendon Capital Advisors Corp now owns 229,211 shares of the company’s stock valued at $4,126,000 after buying an additional 181,060 shares during the last quarter. BlackRock Fund Advisors increased its position in Old Line Bancshares by 736.0% in the second quarter. BlackRock Fund Advisors now owns 221,136 shares of the company’s stock valued at $3,980,000 after buying an additional 194,683 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Old Line Bancshares by 9.7% in the second quarter. Vanguard Group Inc. now owns 215,079 shares of the company’s stock valued at $3,872,000 after buying an additional 19,095 shares during the last quarter. Institutional investors own 46.46% of the company’s stock.
About Old Line Bancshares
Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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