ValuEngine upgraded shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) from a sell rating to a hold rating in a research note released on Friday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of WesBanco from a market perform rating to an outperform rating and set a $42.00 price target on the stock in a research report on Thursday, July 25th. Zacks Investment Research cut shares of Hallmark Financial Services from a buy rating to a hold rating in a research report on Thursday, July 25th. Raymond James reiterated an average rating and set a $135.00 price objective on shares of China Metro Rural in a research report on Wednesday, July 24th. Janney Montgomery Scott cut shares of Champions Oncology from a buy rating to a neutral rating in a research report on Wednesday, July 24th. Finally, Sandler O’Neill cut shares of Customers Bancorp from a buy rating to a hold rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) currently has an average rating of Hold and an average target price of $34.00.

Shares of OLBK opened at $28.28 on Friday. The stock has a fifty day simple moving average of $26.19. Old Line Bancshares, Inc. has a fifty-two week low of $24.12 and a fifty-two week high of $35.08. The company has a market capitalization of $484.95 million, a PE ratio of 12.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Old Line Bancshares, Inc. (MD) had a return on equity of 10.08% and a net margin of 26.08%. The business had revenue of $26.73 million during the quarter, compared to the consensus estimate of $27.45 million. Analysts anticipate that Old Line Bancshares, Inc. will post 2.23 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 17.8% during the fourth quarter. Legal & General Group Plc now owns 2,758 shares of the bank’s stock valued at $73,000 after purchasing an additional 416 shares during the period. Northern Trust Corp boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 0.6% during the fourth quarter. Northern Trust Corp now owns 187,550 shares of the bank’s stock valued at $4,936,000 after purchasing an additional 1,203 shares during the period. Prudential Financial Inc. boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 17.2% during the fourth quarter. Prudential Financial Inc. now owns 8,318 shares of the bank’s stock valued at $219,000 after purchasing an additional 1,218 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 5.9% during the first quarter. ClariVest Asset Management LLC now owns 25,100 shares of the bank’s stock valued at $626,000 after purchasing an additional 1,400 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 3.7% during the fourth quarter. Bank of America Corp DE now owns 69,239 shares of the bank’s stock valued at $1,823,000 after purchasing an additional 2,450 shares during the period. 50.19% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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Analyst Recommendations for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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