TOday’s Movers: Old Line Bancshares (NASDAQ:OLBK) Stock Rating Maintained by KBW; $34.0 Target Price Indicates 0.92 % Potential

April 16, 2018 - By Ellis Scott

Investors sentiment increased to 2.32 in Q4 2017. Its up 1.40, from 0.92 in 2017Q3. It improved, as 6 investors sold Old Line Bancshares, Inc. shares while 13 reduced holdings. 12 funds opened positions while 32 raised stakes. 5.86 million shares or 6.90% more from 5.48 million shares in 2017Q3 were reported.

Clarivest Asset Mngmt Ltd Liability Corp holds 0.01% or 27,100 shares in its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Old Line Bancshares, Inc. (NASDAQ:OLBK). Glenmede Trust Communication Na holds 0% or 1,000 shares in its portfolio. 25,411 were accumulated by Lsv Asset. Citigroup reported 1,211 shares. Fj Capital Limited Company has invested 2.32% of its portfolio in Old Line Bancshares, Inc. (NASDAQ:OLBK). Legal General Grp Public Limited Liability Corporation has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). Rhumbline Advisers holds 0% or 7,236 shares in its portfolio. Banc Funds Communications Ltd reported 405,825 shares. Macquarie Ltd has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). Stifel Finance stated it has 39,615 shares. Catalyst Advsr Ltd Limited Liability Company stated it has 26,550 shares. Manufacturers Life Ins Co The accumulated 0% or 7,093 shares. Parallax Volatility Advisers L P has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). First Trust Advsr Ltd Partnership owns 0% invested in Old Line Bancshares, Inc. (NASDAQ:OLBK) for 22,510 shares.

Since October 30, 2017, it had 6 insider buys, and 3 selling transactions for $345,623 activity. Another trade for 550 shares valued at $17,525 was bought by Suit John M II. 620 shares were bought by MANUEL GAIL D, worth $19,319. $47,906 worth of Old Line Bancshares, Inc. (NASDAQ:OLBK) was sold by Clifford James R SR. 5,000 Old Line Bancshares, Inc. (NASDAQ:OLBK) shares with value of $162,851 were bought by McGill Carla Hargrove. BURNETT JOSEPH E had sold 3,475 shares worth $104,250 on Monday, October 30. On Wednesday, February 28 the insider Shah Suhas R bought $320,026.

Old Line Bancshares (NASDAQ:OLBK) Rating Reaffirmed

Recently, In a note issued to investors and clients on 21 December, Old Line Bancshares (NASDAQ:OLBK) shares have had their Hold Rating reconfirmed by research professionals at KBW, who currently has a $34.0 price target on company. This target by KBW means the possibile upside of 0.92 % from the close price.

Investors sentiment increased to 2.32 in Q4 2017. Its up 1.40, from 0.92 in 2017Q3. It improved, as 6 investors sold Old Line Bancshares, Inc. shares while 13 reduced holdings. 12 funds opened positions while 32 raised stakes. 5.86 million shares or 6.90% more from 5.48 million shares in 2017Q3 were reported.

Clarivest Asset Mngmt Ltd Liability Corp holds 0.01% or 27,100 shares in its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Old Line Bancshares, Inc. (NASDAQ:OLBK). Glenmede Trust Communication Na holds 0% or 1,000 shares in its portfolio. 25,411 were accumulated by Lsv Asset. Citigroup reported 1,211 shares. Fj Capital Limited Company has invested 2.32% of its portfolio in Old Line Bancshares, Inc. (NASDAQ:OLBK). Legal General Grp Public Limited Liability Corporation has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). Rhumbline Advisers holds 0% or 7,236 shares in its portfolio. Banc Funds Communications Ltd reported 405,825 shares. Macquarie Ltd has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). Stifel Finance stated it has 39,615 shares. Catalyst Advsr Ltd Limited Liability Company stated it has 26,550 shares. Manufacturers Life Ins Co The accumulated 0% or 7,093 shares. Parallax Volatility Advisers L P has invested 0% in Old Line Bancshares, Inc. (NASDAQ:OLBK). First Trust Advsr Ltd Partnership owns 0% invested in Old Line Bancshares, Inc. (NASDAQ:OLBK) for 22,510 shares.

Since October 30, 2017, it had 6 insider buys, and 3 selling transactions for $345,623 activity. Another trade for 550 shares valued at $17,525 was bought by Suit John M II. 620 shares were bought by MANUEL GAIL D, worth $19,319. $47,906 worth of Old Line Bancshares, Inc. (NASDAQ:OLBK) was sold by Clifford James R SR. 5,000 Old Line Bancshares, Inc. (NASDAQ:OLBK) shares with value of $162,851 were bought by McGill Carla Hargrove. BURNETT JOSEPH E had sold 3,475 shares worth $104,250 on Monday, October 30. On Wednesday, February 28 the insider Shah Suhas R bought $320,026.

Old Line Bancshares, Inc. (NASDAQ:OLBK) Ratings Coverage

Among 3 analysts covering Old Line Bancshares (NASDAQ:OLBK), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Old Line Bancshares has $3600 highest and $31.0 lowest target. $35.17’s average target is 4.39% above currents $33.69 stock price. Old Line Bancshares had 5 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Old Line Bancshares, Inc. (NASDAQ:OLBK) has “Buy” rating given on Wednesday, March 28 by Stephens. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, October 26. The stock has “Buy” rating by Sandler O’Neill on Wednesday, January 24. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

The stock increased 4.11% or $1.33 during the last trading session, reaching $33.69. About 26,555 shares traded. Old Line Bancshares, Inc. (NASDAQ:OLBK) has risen 18.82% since April 16, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

Analysts await Old Line Bancshares, Inc. (NASDAQ:OLBK) to report earnings on May, 4. They expect $0.49 earnings per share, up 36.11 % or $0.13 from last year’s $0.36 per share. OLBK’s profit will be $6.16 million for 17.19 P/E if the $0.49 EPS becomes a reality. After $0.42 actual earnings per share reported by Old Line Bancshares, Inc. for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

Old Line Bancshares, Inc. operates as the bank holding firm for Old Line Bank that provides banking services and products to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company has market cap of $423.37 million. It accepts a range of deposit products, such as demand, NOW, money market, and savings accounts, as well as certificates of deposit. It has a 24.96 P/E ratio. The firm offers commercial and industrial loans, including lines of credit, revolving credit facilities, accounts receivable financing, term and equipment loans, small business administration loans, standby letters of credit, and unsecured loans; commercial real estate loans; funds for the construction of single family residences, financing to builders for the construction of pre-sold homes, and loans for multi-family housing, as well as home equity and home improvement loans; land acquisition and development loans; and consumer installment loans.

Old Line Bancshares, Inc. (NASDAQ:OLBK) Institutional Positions Chart

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