Monarch Partners Asset Management LLC Increases Position in Old Line Bancshares, Inc. (MD) (OLBK)

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Monarch Partners Asset Management LLC boosted its position in shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 18.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,105 shares of the bank’s stock after buying an additional 4,461 shares during the period. Monarch Partners Asset Management LLC’s holdings in Old Line Bancshares, Inc. (MD) were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLBK. SG Americas Securities LLC purchased a new stake in shares of Old Line Bancshares, Inc. (MD) during the third quarter valued at $201,000. MetLife Investment Advisors LLC lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 11,787 shares of the bank’s stock valued at $373,000 after purchasing an additional 4,190 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Old Line Bancshares, Inc. (MD) during the second quarter valued at $450,000. JPMorgan Chase & Co. lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 151.8% during the third quarter. JPMorgan Chase & Co. now owns 16,933 shares of the bank’s stock valued at $536,000 after purchasing an additional 10,207 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 45.1% during the fourth quarter. Rhumbline Advisers now owns 21,182 shares of the bank’s stock valued at $558,000 after purchasing an additional 6,584 shares during the last quarter. 50.48% of the stock is owned by institutional investors and hedge funds.

In related news, Director Eric D. Hovde sold 4,096 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $30.32, for a total value of $124,190.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric D. Hovde sold 5,000 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $30.02, for a total value of $150,100.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 916 shares of company stock valued at $25,820. Company insiders own 10.61% of the company’s stock.

Shares of Old Line Bancshares, Inc. (MD) stock opened at $27.30 on Wednesday. The stock has a market capitalization of $464.16 million, a P/E ratio of 12.53 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. Old Line Bancshares, Inc. has a 1 year low of $24.51 and a 1 year high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $28.26 million during the quarter, compared to the consensus estimate of $28.45 million. Old Line Bancshares, Inc. (MD) had a return on equity of 11.31% and a net margin of 22.08%. On average, research analysts forecast that Old Line Bancshares, Inc. will post 2.38 earnings per share for the current year.

Several brokerages have recently commented on OLBK. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) has an average rating of “Hold” and a consensus price target of $35.75.

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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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Want to see what other hedge funds are holding OLBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK).

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

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