Founders Financial Securities LLC Invests $287,000 in Old Line Bancshares, Inc. (MD) (OLBK)

Founders Financial Securities LLC acquired a new stake in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,082 shares of the bank’s stock, valued at approximately $287,000. Founders Financial Securities LLC owned 0.05% of Old Line Bancshares, Inc. (MD) as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 4.1% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 42,313 shares of the bank’s stock valued at $1,477,000 after purchasing an additional 1,667 shares during the last quarter. Barclays PLC lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 116.9% during the first quarter. Barclays PLC now owns 3,230 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,741 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 72.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $186,000 after purchasing an additional 2,237 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 9.4% during the second quarter. Catalyst Capital Advisors LLC now owns 26,800 shares of the bank’s stock valued at $935,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Old Line Bancshares, Inc. (MD) by 22.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 15,000 shares of the bank’s stock valued at $495,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 47.81% of the company’s stock.

OLBK has been the subject of several analyst reports. BidaskClub raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Sandler O’Neill downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.63.

Old Line Bancshares, Inc. (MD) stock traded down $0.08 during mid-day trading on Wednesday, hitting $29.68. The company’s stock had a trading volume of 2,733 shares, compared to its average volume of 57,749. The company has a market cap of $537.53 million, a P/E ratio of 19.08 and a beta of 0.30. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. Old Line Bancshares, Inc. has a 52-week low of $28.22 and a 52-week high of $35.72.

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $26.50 million during the quarter, compared to the consensus estimate of $26.90 million. Old Line Bancshares, Inc. (MD) had a return on equity of 9.23% and a net margin of 17.09%. On average, equities analysts forecast that Old Line Bancshares, Inc. will post 2.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, September 13th. Old Line Bancshares, Inc. (MD)’s dividend payout ratio is currently 25.64%.

In other Old Line Bancshares, Inc. (MD) news, Director John M. Suit II acquired 1,000 shares of Old Line Bancshares, Inc. (MD) stock in a transaction that occurred on Monday, July 30th. The stock was purchased at an average cost of $34.50 per share, with a total value of $34,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric D. Hovde sold 5,000 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $34.51, for a total value of $172,550.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,152 shares of company stock valued at $1,997,064. Company insiders own 10.61% of the company’s stock.

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.

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

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