Rating Report: Is Keefe Bruyette Very Positive For Old Line Bancshares (NASDAQ:OLBK) After Its Upgrade?

November 29, 2016 - By Peter Erickson

Rating Report:  Is Keefe Bruyette Very Positive For Old Line Bancshares (NASDAQ:OLBK) After Its Upgrade?

Old Line Bancshares (NASDAQ:OLBK) Upgrade

Old Line Bancshares (NASDAQ:OLBK)‘s rating was boosted by equity analysts at Keefe Bruyette from a Mkt Perform rating to a Outperform rating in a a report published on Tuesday morning.

About 13,222 shares traded hands. Old Line Bancshares, Inc. (MD) (NASDAQ: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 $3.67M for 15.66 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 Q2 2016. Its down 0.32, from 1.82 in 2016Q1. The ratio dropped, 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.

The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Davenport Limited Company has 29,500 shares for 0% of their US portfolio. Amer Int Inc has 0% invested in the company for 4,817 shares. Lsv Asset holds 0% or 21,753 shares in its portfolio. Royal Bankshares Of Canada last reported 0% of its portfolio in the stock. Tiaa Cref Investment Mngmt has 0% invested in the company for 27,773 shares. Moreover, Mufg Americas Hldgs has 0% invested in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) for 180 shares. The New York-based Citigroup Inc has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Morgan Stanley has 11,987 shares for 0% of their US portfolio. Castine Capital Management Ltd Co owns 15,569 shares or 0.13% of their US portfolio. Deutsche Savings Bank Ag, a Germany-based fund reported 31,986 shares. Endeavour Advisors has invested 0.99% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). The California-based Fuller & Thaler Asset has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). The Massachusetts-based State Street has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Kennedy Capital Mngmt accumulated 0.05% or 127,716 shares.

Insider Transactions: Since June 1, 2016, the stock had 26 buys, and 2 insider sales for $452,377 net activity. Hubbard Elise Marie bought $24,006 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) on Friday, July 8. GRAHAM THOMAS H also bought $51,979 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) on Wednesday, September 14. Another trade for 1,000 shares valued at $19,650 was bought by Suit John M II. $341 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was bought by Semanie Mark A. Rivest Jeffrey A had bought 2,000 shares worth $39,447 on Friday, October 28. Another trade for 966 shares valued at $18,702 was made by DENT JAMES F on Friday, September 2. $43,625 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was bought by Proctor Gregory S JR.

Old Line Bancshares, Inc. is the holding firm of Old Line Bank . The company has a market cap of $230.11 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 21.56 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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