Robert W. Baird downgraded shares of Old Line Bancshares (NASDAQ:OLBK) from an outperform rating to a neutral rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Separately, analysts at Zacks upgraded shares of Old Line Bancshares from an underperform rating to a neutral rating in a research note to investors on Tuesday, October 15th. They now have a $13.70 price target on the stock.
Shares of Old Line Bancshares (NASDAQ:OLBK) traded up 0.88% on Wednesday, hitting $14.8999. 10,184 shares of the company’s stock traded hands. Old Line Bancshares has a one year low of $10.87 and a one year high of $14.80. The stock has a 50-day moving average of $13.75 and a 200-day moving average of $13.22. The company has a market cap of $160.4 million and a price-to-earnings ratio of 23.37.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, December 11th.
Old Line Bancshares, Inc is a holding company of Old Line Bank. Old Line Bank engages in a general commercial banking business, making various types of loans and accepting deposits.
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