News coverage about Old Line Bancshares (NASDAQ:OLBK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Old Line Bancshares earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.1269893386448 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
OLBK has been the topic of several analyst reports. Zacks Investment Research lowered Old Line Bancshares from a “buy” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub lowered shares of Old Line Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods lowered shares of Old Line Bancshares from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $31.00 to $29.00 in a report on Monday, July 17th. Finally, ValuEngine upgraded shares of Old Line Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.00.
Shares of Old Line Bancshares (NASDAQ OLBK) traded up 0.97% during mid-day trading on Tuesday, reaching $27.15. 11,647 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $27.14 and a 200 day moving average price of $27.77. The stock has a market cap of $338.04 million, a price-to-earnings ratio of 18.99 and a beta of 0.25. Old Line Bancshares has a 52 week low of $18.91 and a 52 week high of $29.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 1.18%. Old Line Bancshares’s dividend payout ratio is presently 22.38%.
In other Old Line Bancshares news, insider James W. Cornelsen acquired 1,813 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were bought at an average cost of $27.51 per share, for a total transaction of $49,875.63. Following the acquisition, the insider now directly owns 169,551 shares of the company’s stock, valued at $4,664,348.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Suit II acquired 3,350 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were acquired at an average price of $27.52 per share, for a total transaction of $92,192.00. Following the completion of the acquisition, the director now directly owns 64,394 shares in the company, valued at $1,772,122.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,241 shares of company stock worth $271,562 over the last 90 days. 25.07% of the stock is owned by company insiders.
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Old Line Bancshares Company Profile
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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
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