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. “
Shares of Old Line Bancshares (NASDAQ:OLBK) traded down 0.15% during mid-day trading on Wednesday, hitting $19.50. 384 shares of the stock traded hands. The stock has a 50-day moving average of $19.57 and a 200-day moving average of $18.69. The company has a market cap of $211.36 million, a price-to-earnings ratio of 20.31 and a beta of 0.49. Old Line Bancshares has a 52 week low of $16.34 and a 52 week high of $20.09.
Old Line Bancshares (NASDAQ:OLBK) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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%. Analysts anticipate that Old Line Bancshares will post $1.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. Old Line Bancshares’s dividend payout ratio (DPR) is presently 25.00%.
In other news, Director Thomas H. Graham purchased 2,710 shares of Old Line Bancshares stock in a transaction that occurred on Wednesday, September 14th. The stock was acquired at an average price of $19.18 per share, for a total transaction of $51,977.80. Following the transaction, the director now owns 26,439 shares in the company, valued at $507,100.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.81% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLBK. Schwab Charles Investment Management Inc. bought a new position in Old Line Bancshares during the second quarter valued at $222,000. Bridgeway Capital Management Inc. raised its position in Old Line Bancshares by 234.9% in the second quarter. Bridgeway Capital Management Inc. now owns 79,413 shares of the company’s stock valued at $1,429,000 after buying an additional 55,700 shares in the last quarter. Summit Securities Group LLC bought a new position in Old Line Bancshares during the second quarter valued at $270,000. State Street Corp bought a new position in Old Line Bancshares during the second quarter valued at $1,188,000. Finally, Advisor Group Inc. bought a new position in Old Line Bancshares during the second quarter valued at $155,000. Hedge funds and other institutional investors own 46.46% of the company’s stock.
Old Line Bancshares Company Profile
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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