Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) declared a quarterly dividend on Friday, May 25th, Wall Street Journal reports. Shareholders of record on Friday, June 15th will be given a dividend of 0.10 per share by the bank on Friday, June 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from Old Line Bancshares, Inc. (MD)’s previous quarterly dividend of $0.08.
Old Line Bancshares, Inc. (MD) opened at $34.55 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $587.13 million, a PE ratio of 22.15 and a beta of 0.28. Old Line Bancshares, Inc. has a 12 month low of $26.01 and a 12 month high of $35.25.
Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its quarterly earnings results on Tuesday, April 17th. The bank reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. Old Line Bancshares, Inc. (MD) had a return on equity of 8.99% and a net margin of 20.98%. The company had revenue of $19.48 million for the quarter, compared to analysts’ expectations of $19.54 million. sell-side analysts forecast that Old Line Bancshares, Inc. will post 2.24 earnings per share for the current year.
In other news, COO Mark A. Semanie purchased 1,450 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were purchased at an average price of $34.95 per share, with a total value of $50,677.50. Following the transaction, the chief operating officer now directly owns 14,688 shares of the company’s stock, valued at $513,345.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John M. Suit II purchased 1,366 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $47,823.66. The disclosure for this purchase can be found here. In the last three months, insiders acquired 4,840 shares of company stock worth $169,011 and sold 67,356 shares worth $2,333,410. 10.61% of the stock is currently owned by insiders.
A number of research firms recently commented on OLBK. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Hovde Group began coverage on Old Line Bancshares, Inc. (MD) in a report on Thursday, May 3rd. They set an “outperform” rating and a $39.00 price objective for the company. BidaskClub downgraded Old Line Bancshares, Inc. (MD) from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price target on shares of Old Line Bancshares, Inc. (MD) in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.63.
Old Line Bancshares, Inc. (MD) Company 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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