$0.49 Earnings Per Share Expected for Old Line Bancshares, Inc. (MD) (OLBK) This Quarter

Brokerages expect Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to report $0.49 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Old Line Bancshares, Inc. (MD)’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.47. Old Line Bancshares, Inc. (MD) posted earnings of $0.36 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.1%. The firm is scheduled to issue its next earnings report on Friday, May 4th.

On average, analysts expect that Old Line Bancshares, Inc. (MD) will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.25. For the next year, analysts expect that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.50 to $2.62. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Old Line Bancshares, Inc. (MD).

How to Become a New Pot Stock Millionaire

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its earnings results on Tuesday, January 23rd. The bank reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The business had revenue of $19.03 million for the quarter, compared to analysts’ expectations of $19.88 million. Old Line Bancshares, Inc. (MD) had a net margin of 19.60% and a return on equity of 8.52%.

OLBK has been the subject of several research analyst reports. Zacks Investment Research upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, November 29th. ValuEngine cut Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Sandler O’Neill reiterated a “buy” rating and set a $34.50 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 target price on shares of Old Line Bancshares, Inc. (MD) in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.50.

In other news, Director Carla Hargrove Mcgill purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average cost of $32.57 per share, with a total value of $162,850.00. Following the transaction, the director now owns 22,123 shares in the company, valued at approximately $720,546.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Sr Clifford, Sr. sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $31.94, for a total value of $47,910.00. Following the sale, the director now directly owns 13,598 shares in the company, valued at $434,320.12. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 6,477 shares of company stock worth $209,403. Corporate insiders own 25.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its position in shares of Old Line Bancshares, Inc. (MD) by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,950 shares of the bank’s stock valued at $224,000 after acquiring an additional 516 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Old Line Bancshares, Inc. (MD) by 4.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 42,646 shares of the bank’s stock valued at $1,255,000 after acquiring an additional 1,800 shares in the last quarter. OxFORD Asset Management LLP raised its position in shares of Old Line Bancshares, Inc. (MD) by 21.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 14,910 shares of the bank’s stock valued at $419,000 after acquiring an additional 2,646 shares in the last quarter. Advisor Group Inc. raised its position in shares of Old Line Bancshares, Inc. (MD) by 89.0% during the 3rd quarter. Advisor Group Inc. now owns 7,230 shares of the bank’s stock valued at $202,000 after acquiring an additional 3,405 shares in the last quarter. Finally, Northern Trust Corp increased its position in Old Line Bancshares, Inc. (MD) by 4.2% in the second quarter. Northern Trust Corp now owns 94,335 shares of the bank’s stock worth $2,659,000 after buying an additional 3,778 shares during the period. 47.35% of the stock is currently owned by institutional investors and hedge funds.

Old Line Bancshares, Inc. (MD) stock traded down $0.28 during trading on Monday, hitting $32.65. The stock had a trading volume of 56,550 shares, compared to its average volume of 44,349. The stock has a market cap of $413.82, a PE ratio of 23.03 and a beta of 0.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.94 and a current ratio of 0.94. Old Line Bancshares, Inc. has a 12 month low of $26.01 and a 12 month high of $33.90.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 15th.

ILLEGAL ACTIVITY NOTICE: “$0.49 Earnings Per Share Expected for Old Line Bancshares, Inc. (MD) (OLBK) This Quarter” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3297421/0-49-earnings-per-share-expected-for-old-line-bancshares-inc-md-olbk-this-quarter.html.

About Old Line Bancshares, Inc. (MD)

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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

Get a free copy of the Zacks research report on Old Line Bancshares, Inc. (MD) (OLBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Receive News & Ratings for Old Line Bancshares Inc. (MD) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. (MD) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Limelight Networks  Releases FY18 Earnings Guidance
Limelight Networks Releases FY18 Earnings Guidance
Bacanora Lithium Plc  Given Average Recommendation of “Hold” by Analysts
Bacanora Lithium Plc Given Average Recommendation of “Hold” by Analysts
Summit Therapeutics  Given Consensus Rating of “Buy” by Analysts
Summit Therapeutics Given Consensus Rating of “Buy” by Analysts
Analysts Set Iteris, Inc.  PT at $9.50
Analysts Set Iteris, Inc. PT at $9.50
Head-To-Head Contrast: CVR Energy  versus Suncor Energy
Head-To-Head Contrast: CVR Energy versus Suncor Energy
Head-To-Head Contrast: Universal Technical Institute  and The Competition
Head-To-Head Contrast: Universal Technical Institute and The Competition


© 2006-2018 Ticker Report. Google+.