Old Line Bancshares Inc. (NASDAQ:OLBK) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday. The firm presently has a $25.00 price objective on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.21% from the stock’s current price.

Separately, Zacks Investment Research lowered shares of Old Line Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st.

Shares of Old Line Bancshares (NASDAQ:OLBK) opened at 21.89 on Tuesday. The stock’s 50 day moving average price is $20.09 and its 200-day moving average price is $19.08. Old Line Bancshares has a 52-week low of $16.75 and a 52-week high of $21.93. The stock has a market cap of $237.70 million, a price-to-earnings ratio of 22.09 and a beta of 0.34.

Old Line Bancshares (NASDAQ:OLBK) last announced its earnings results on Thursday, October 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Old Line Bancshares had a net margin of 16.40% and a return on equity of 8.34%. On average, analysts predict that Old Line Bancshares will post $1.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. Old Line Bancshares’s dividend payout ratio (DPR) is presently 24.24%.

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In related news, Director Thomas H. Graham purchased 2,710 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average price of $19.18 per share, for a total transaction of $51,977.80. Following the acquisition, the director now directly owns 26,439 shares in the company, valued at $507,100.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Rivest purchased 3,000 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was bought at an average price of $19.78 per share, for a total transaction of $59,340.00. Following the acquisition, the director now owns 24,557 shares in the company, valued at $485,737.46. The disclosure for this purchase can be found here. 25.81% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. RMB Capital Management LLC raised its position in shares of Old Line Bancshares by 618.6% in the second quarter. RMB Capital Management LLC now owns 299,966 shares of the company’s stock worth $5,399,000 after buying an additional 258,223 shares during the period. BlackRock Fund Advisors raised its position in shares of Old Line Bancshares by 736.0% in the second quarter. BlackRock Fund Advisors now owns 221,136 shares of the company’s stock worth $3,980,000 after buying an additional 194,683 shares during the period. Mendon Capital Advisors Corp raised its position in shares of Old Line Bancshares by 376.0% in the second quarter. Mendon Capital Advisors Corp now owns 229,211 shares of the company’s stock worth $4,126,000 after buying an additional 181,060 shares during the period. State Street Corp bought a new position in shares of Old Line Bancshares during the second quarter worth $1,188,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Old Line Bancshares by 1,359.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 62,284 shares of the company’s stock worth $1,121,000 after buying an additional 58,017 shares during the period. Institutional investors own 45.92% 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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