Ratings Don’t Lie: Does Old Line Bancshares (NASDAQ:OLBK) Look Good? Keefe Bruyette & Woods Upgrades It

November 29, 2016 - By whatsonthorold

Ratings Don't Lie:  Does Old Line Bancshares (NASDAQ:OLBK) Look Good? Keefe Bruyette & Woods Upgrades It

Old Line Bancshares (NASDAQ:OLBK) Upgrade

Old Line Bancshares (NASDAQ:OLBK) was raised by Keefe Bruyette & Woods from a Market Perform rating to a Outperform rating in a an analyst note shared with investors and clients on 29 November.

About 21,946 shares traded hands or 18.18% up from the average. 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 earnings per share, up 13.33% or $0.04 from last year’s $0.3 per share. OLBK’s profit will be $3.67 million for 15.65 P/E if the $0.34 EPS becomes a reality. After $0.32 actual earnings per share 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 dived, 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.

Amer Intl reported 4,817 shares or 0% of all its holdings. Rmb Management Limited Company has 299,966 shares for 0.28% of their US portfolio. The New York-based Citigroup has invested 0% in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Davenport reported 29,500 shares or 0% of all its holdings. Blackrock Fund Advisors last reported 221,136 shares in the company. Tfs Cap Limited Liability owns 20,655 shares or 0.07% of their US portfolio. Geode Mngmt Limited Liability Company, a Massachusetts-based fund reported 36,509 shares. Nationwide Fund Advisors has 12,116 shares for 0% of their US portfolio. Wells Fargo And Mn accumulated 0% or 4,002 shares. Retail Bank Of Mellon accumulated 15,924 shares or 0% of the stock. Dimensional Fund Advsr Ltd Partnership holds 0% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) for 123,266 shares. Fj Mngmt Ltd Liability Com holds 588,000 shares or 2.1% of its portfolio. Franklin Res last reported 0% of its portfolio in the stock. Blackrock Ltd last reported 0% of its portfolio in the stock. Tower Limited Liability Corporation (Trc), a New York-based fund reported 364 shares.

Insider Transactions: Since June 1, 2016, the stock had 26 insider buys, and 2 sales for $452,377 net activity. Shares for $39,447 were bought by Rivest Jeffrey A. 430 shares with value of $8,229 were bought by DENT JAMES F on Wednesday, August 17. 1,000 shares were bought by Suit John M II, worth $19,840. The insider Hubbard Elise Marie bought 1,299 shares worth $24,006. 3 Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) shares with value of $54 were bought by GRAHAM THOMAS H. On Tuesday, November 1 Semanie Mark A bought $195 worth of the stock or 10 shares. Proctor Gregory S JR had bought 2,500 shares worth $43,625.

Old Line Bancshares, Inc. is the holding firm of Old Line Bank . The company has a market cap of $230.00 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 21.55 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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