Today, Old Line Bancshares Inc. Announces Quarterly Dividend of $0.06 (OLBK)

Today, Old Line Bancshares Inc. Announces Quarterly Dividend of $0.06 (OLBK)

Old Line Bancshares Inc. (NASDAQ:OLBK) declared a quarterly dividend on Friday, November 25th. Shareholders of record on Friday, December 16th will be given a dividend of 0.06 per share on Friday, December 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, December 14th.

Old Line Bancshares (NASDAQ:OLBK) traded up 1.76% on Friday, reaching $21.36. The company’s stock had a trading volume of 10,877 shares. The firm has a market capitalization of $231.95 million, a PE ratio of 21.55 and a beta of 0.34. The stock’s 50 day moving average is $19.96 and its 200-day moving average is $19.04. Old Line Bancshares has a 52 week low of $16.75 and a 52 week high of $21.93.

Old Line Bancshares (NASDAQ:OLBK) last posted its earnings results on Thursday, October 20th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Old Line Bancshares had a return on equity of 8.34% and a net margin of 16.40%. Analysts predict that Old Line Bancshares will post $1.15 EPS for the current year.

In other Old Line Bancshares news, Director Jeffrey A. Rivest acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were acquired at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the completion of the purchase, the director now owns 26,957 shares of the company’s stock, valued at approximately $531,592.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Rivest acquired 3,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was acquired at an average price of $19.78 per share, for a total transaction of $59,340.00. Following the completion of the purchase, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $485,737.46. The disclosure for this purchase can be found here. Company insiders own 25.81% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Old Line Bancshares by 10.7% in the third quarter. BlackRock Fund Advisors now owns 244,900 shares of the company’s stock worth $4,832,000 after buying an additional 23,764 shares during the last quarter. BlackRock Investment Management LLC raised its position in Old Line Bancshares by 1.1% in the third quarter. BlackRock Investment Management LLC now owns 33,694 shares of the company’s stock worth $665,000 after buying an additional 364 shares during the last quarter. Bridgeway Capital Management Inc. raised its position in Old Line Bancshares by 234.9% in the second quarter. Bridgeway Capital Management Inc. now owns 79,413 shares of the company’s stock worth $1,429,000 after buying an additional 55,700 shares during the last quarter. Summit Securities Group LLC acquired a new position in Old Line Bancshares during the second quarter worth approximately $270,000. Finally, State Street Corp acquired a new position in Old Line Bancshares during the second quarter worth approximately $1,188,000. Institutional investors and hedge funds own 46.46% of the company’s stock.

Separately, Zacks Investment Research upgraded Old Line Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.

Old Line Bancshares Company Profile

Related posts

Leave a Comment