Swiss National Bank Buys 2,100 Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Share on StockTwits

Swiss National Bank grew its stake in shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 9.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,300 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Swiss National Bank owned about 0.15% of Old Line Bancshares, Inc. (MD) worth $673,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of OLBK. Dimensional Fund Advisors LP increased its holdings in Old Line Bancshares, Inc. (MD) by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 459,172 shares of the bank’s stock worth $12,085,000 after purchasing an additional 41,604 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 561.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,263 shares of the bank’s stock worth $81,000 after buying an additional 2,770 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 9,278.1% in the 1st quarter. Victory Capital Management Inc. now owns 52,611 shares of the bank’s stock worth $1,312,000 after buying an additional 52,050 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 26.1% in the 1st quarter. Penn Capital Management Co. Inc. now owns 114,405 shares of the bank’s stock worth $2,852,000 after buying an additional 23,703 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Old Line Bancshares, Inc. (MD) by 14.3% in the 1st quarter. Jennison Associates LLC now owns 501,440 shares of the bank’s stock worth $12,501,000 after buying an additional 62,682 shares during the last quarter. 51.21% of the stock is owned by hedge funds and other institutional investors.

Old Line Bancshares, Inc. (MD) stock traded up $0.27 during trading on Friday, hitting $29.26. The stock had a trading volume of 1,700 shares, compared to its average volume of 75,641. The stock has a market cap of $476.66 million, a price-to-earnings ratio of 13.32 and a beta of 0.59. The stock’s 50 day moving average is $26.96 and its two-hundred day moving average is $26.26. Old Line Bancshares, Inc. has a 1 year low of $24.12 and a 1 year high of $34.40. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last released its earnings results on Tuesday, July 23rd. The bank reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Old Line Bancshares, Inc. (MD) had a net margin of 26.08% and a return on equity of 9.95%. The firm had revenue of $26.73 million during the quarter, compared to the consensus estimate of $27.45 million. As a group, equities research analysts anticipate that Old Line Bancshares, Inc. will post 2.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.48 annualized dividend and a yield of 1.64%. Old Line Bancshares, Inc. (MD)’s dividend payout ratio (DPR) is presently 21.92%.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Old Line Bancshares, Inc. (MD) from a “strong sell” rating to a “sell” rating in a research note on Friday. Raymond James downgraded Old Line Bancshares, Inc. (MD) from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upgraded Old Line Bancshares, Inc. (MD) from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $28.00 to $33.00 in a research note on Thursday, July 25th. ValuEngine upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Sandler O’Neill upgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Old Line Bancshares, Inc. (MD) presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Old Line Bancshares, Inc. (MD) 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.

See Also: Hedge Funds – Risk or Reward?

Institutional Ownership by Quarter for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Receive News & Ratings for Old Line Bancshares Inc. (MD) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Line Bancshares Inc. (MD) and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.