Rating Alert: Is Old Line Bancshares (NYSE:OLBK) Worth Your Time After KBW’s Upgrade?

November 29, 2016 - By Adrian Mccoy

Rating Alert:  Is Old Line Bancshares (NYSE:OLBK) Worth Your Time After KBW's Upgrade?

Old Line Bancshares (NYSE:OLBK) Upgrade

KBW gave Old Line Bancshares (NYSE:OLBK) shares a new Outperform rating in a a note issued on Tuesday, 29 November. This is raise from the previous Mkt Perform rating.

The stock increased 0.42% or $0.09 on November 29, hitting $21.34. About 39,006 shares traded hands or 110.05% up from the average. Old Line Bancshares, Inc. (MD) (NYSE:OLBK) has risen 16.69% since April 26, 2016 and is uptrending. It has outperformed by 11.43% the S&P500.

Analysts await Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to report earnings on January, 25. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. OLBK’s profit will be $3.67 million for 15.69 P/E if the $0.34 EPS becomes a reality. After $0.32 actual EPS reported by Old Line Bancshares, Inc. (MD) for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 0.32, from 1.82 in 2016Q1. The ratio turned negative, as 8 funds sold all Old Line Bancshares, Inc. (MD) shares owned while 9 reduced positions. 13 funds bought stakes while 18 increased positions. They now own 5.04 million shares or 8.93% more from 4.63 million shares in 2016Q1.

Dimensional Fund Advsr Limited Partnership has 123,266 shares for 0% of their US portfolio. Bridgeway Management holds 79,413 shares or 0.02% of its portfolio. Moreover, Vanguard Group Incorporated has 0% invested in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) for 215,079 shares. Castine Mgmt Ltd Com last reported 15,569 shares in the company. Summit Group, a New York-based fund reported 14,994 shares. Davenport & Ltd Llc holds 0% or 29,500 shares in its portfolio. American Interest Group holds 4,817 shares or 0% of its portfolio. Manufacturers Life Insurance The has 8,427 shares for 0% of their US portfolio. Tfs Capital Ltd Com has 20,655 shares for 0.07% of their US portfolio. Rmb Ltd Liability Co, a Illinois-based fund reported 299,966 shares. The New York-based Tower Rech Limited (Trc) has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). The New York-based Basswood Cap Limited has invested 0.33% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Royal State Bank Of Canada holds 0% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) for 23,262 shares. The Massachusetts-based Geode Mgmt has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Deutsche National Bank & Trust Ag owns 31,986 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 26 insider purchases, and 2 insider sales for $452,377 net activity. On Wednesday, October 26 the insider Suit John M II bought $19,840. 3,000 Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) shares with value of $59,340 were bought by Rivest Jeffrey A. 534 shares with value of $10,387 were sold by DENT JAMES F on Monday, August 29. Semanie Mark A had bought 12 shares worth $208 on Wednesday, June 1. $24,006 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was bought by Hubbard Elise Marie. Proctor Gregory S JR bought $43,625 worth of stock or 2,500 shares. 3 shares were bought by GRAHAM THOMAS H, worth $54 on Friday, June 24.

Old Line Bancshares, Inc. is the holding firm of Old Line Bank . The company has a market cap of $230.54 million. The Bank is a chartered trust firm engaged in commercial banking business, making various types of loans, investments and accepting deposits. It has a 21.6 P/E ratio. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, clients and clients.

According to Zacks Investment Research, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area.”

OLBK Company Profile

Old Line Bancshares, Inc., incorporated on April 11, 2003, is the holding firm of Old Line Bank (The Bank). The Bank is a chartered trust firm 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, clients and clients. The Bank, through its division Old Line Financial Services, provides retirement planning and products, as well as investment services, including investment management, estate and succession planning, and allows its clients to directly purchase individual stocks, bonds and mutual funds.

More notable recent Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) news were published by: Globenewswire.com which released: “Old Line Bancshares, Inc. Announces Pricing of $35 Million of Fixed-to …” on August 10, 2016, also Globenewswire.com with their article: “Old Line Bancshares Completes Acquisition of Regal Bancorp, Inc.; Combined …” published on December 04, 2015, Globenewswire.com published: “Old Line Bancshares Completes Acquisition of WSB Holdings, Inc.; Combined …” on May 10, 2013. More interesting news about Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) were released by: Globenewswire.com and their article: “Old Line Bancshares, Inc. and Regal Bancorp, Inc. Announce Execution of Merger …” published on August 05, 2015 as well as Globenewswire.com‘s news article titled: “Raymond Lyon Joins Old Line Bank as Senior Vice President, Commercial Lending” with publication date: October 16, 2015.

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