Published On: Fri, Sep 9th, 2016

Insider Buying: Old Line Bancshares Inc. (OLBK) Director Buys 1,000 Shares of Stock

Old Line Bancshares Inc. (NASDAQ:OLBK) Director John M. Suit II purchased 1,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average price of $19.92 per share, with a total value of $19,920.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Old Line Bancshares Inc. (NASDAQ:OLBK) traded down 0.75% during mid-day trading on Thursday, reaching $19.87. 10,506 shares of the company’s stock were exchanged. The company has a market cap of $215.37 million, a PE ratio of 20.70 and a beta of 0.55. Old Line Bancshares Inc. has a 52-week low of $15.60 and a 52-week high of $20.09. The company’s 50-day moving average price is $19.23 and its 200 day moving average price is $18.40.
Old Line Bancshares (NASDAQ:OLBK) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. On average, equities research analysts predict that Old Line Bancshares Inc. will post $1.12 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.06 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. Old Line Bancshares’s dividend payout ratio (DPR) is currently 25.00%.
About Old Line Bancshares
Old Line Bancshares, Inc is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.

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