Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) have received an average broker rating score of 0.00 () from the four brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokers have set a 1-year consensus target price of $30.50 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Line Bancshares, Inc. (MD) an industry rank of 23 out of 265 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the company. Sandler O’Neill upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research report on Wednesday, December 21st. They noted that the move was a valuation call. Keefe, Bruyette & Woods upgraded Old Line Bancshares, Inc. (MD) from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Tuesday, November 29th.

In other Old Line Bancshares, Inc. (MD) news, Director James F. Dent acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was acquired at an average cost of $28.07 per share, for a total transaction of $42,105.00. Following the transaction, the director now owns 67,492 shares of the company’s stock, valued at $1,894,500.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark A. Semanie acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The stock was acquired at an average price of $28.00 per share, with a total value of $28,000.00. Following the completion of the transaction, the chief operating officer now directly owns 8,789 shares in the company, valued at approximately $246,092. The disclosure for this purchase can be found here. Insiders purchased a total of 6,597 shares of company stock valued at $186,647 over the last quarter. 25.81% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC raised its position in shares of Old Line Bancshares, Inc. (MD) by 1.3% in the third quarter. ClariVest Asset Management LLC now owns 15,900 shares of the company’s stock valued at $314,000 after buying an additional 200 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Old Line Bancshares, Inc. (MD) by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 12,537 shares of the company’s stock valued at $301,000 after buying an additional 1,024 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Old Line Bancshares, Inc. (MD) by 60.0% in the third quarter. Wells Fargo & Company MN now owns 6,402 shares of the company’s stock valued at $126,000 after buying an additional 2,400 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Old Line Bancshares, Inc. (MD) by 97.7% in the fourth quarter. Bessemer Group Inc. now owns 8,700 shares of the company’s stock valued at $209,000 after buying an additional 4,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Old Line Bancshares, Inc. (MD) by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 121,444 shares of the company’s stock valued at $2,912,000 after buying an additional 10,051 shares in the last quarter. Institutional investors and hedge funds own 46.23% of the company’s stock.

Old Line Bancshares, Inc. (NASDAQ:OLBK) opened at 28.22 on Thursday. The firm has a market cap of $307.88 million, a P/E ratio of 23.52 and a beta of 0.39. The company’s 50 day moving average is $28.21 and its 200 day moving average is $23.54. Old Line Bancshares, Inc. has a 52-week low of $17.11 and a 52-week high of $29.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This is a positive change from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.13%. Old Line Bancshares, Inc. (MD)’s payout ratio is currently 24.24%.

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Old Line Bancshares, Inc. (MD) 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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