Pacific Ridge Capital Partners LLC Sells 1,420 Shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

Pacific Ridge Capital Partners LLC lessened its stake in shares of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,150 shares of the bank’s stock after selling 1,420 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.25% of Old Line Bancshares, Inc. (MD) worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in OLBK. Legal & General Group Plc grew its holdings in Old Line Bancshares, Inc. (MD) by 17.8% in 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 last quarter. BNP Paribas Arbitrage SA raised its stake in Old Line Bancshares, Inc. (MD) by 561.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,263 shares of the bank’s stock valued at $81,000 after acquiring an additional 2,770 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Old Line Bancshares, Inc. (MD) by 366.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,334 shares of the bank’s stock valued at $140,000 after acquiring an additional 4,190 shares in the last quarter. Bessemer Group Inc. bought a new stake in Old Line Bancshares, Inc. (MD) during the 4th quarter valued at $158,000. Finally, PNC Financial Services Group Inc. raised its stake in Old Line Bancshares, Inc. (MD) by 12.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,508 shares of the bank’s stock valued at $171,000 after acquiring an additional 717 shares in the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.

NASDAQ OLBK traded up $0.51 on Friday, reaching $26.61. The stock had a trading volume of 99,700 shares, compared to its average volume of 44,566. Old Line Bancshares, Inc. has a 1 year low of $24.12 and a 1 year high of $35.72. The firm has a 50 day simple moving average of $25.30. The company has a market capitalization of $450.80 million, a P/E ratio of 12.15 and a beta of 0.56. 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 posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.50 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.04). The firm had revenue of $26.07 million during the quarter, compared to analyst estimates of $27.17 million. Old Line Bancshares, Inc. (MD) had a net margin of 22.16% and a return on equity of 10.18%. On average, research analysts forecast that Old Line Bancshares, Inc. will post 2.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. Old Line Bancshares, Inc. (MD)’s payout ratio is presently 21.92%.

A number of analysts have recently commented on the company. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. ValuEngine downgraded Old Line Bancshares, Inc. (MD) from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, BidaskClub lowered Old Line Bancshares, Inc. (MD) from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.50.

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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