Market Runner: What Next for Old Line Bancshares, Inc. (MD) Stock After Making 52-Week High?

Market Runner: What Next for Old Line Bancshares, Inc. (MD) Stock After Making 52 Week High?

The stock of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) hit a new 52-week high and has $23.72 target or 5.00% above today’s $22.59 share price. The 9 months bullish chart indicates low risk for the $251.63 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $23.72 price target is reached, the company will be worth $12.58 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.20% or $0.7 during the last trading session, hitting $22.59. About 25,427 shares traded hands or 30.21% up from the average. Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has risen 18.39% since April 28, 2016 and is uptrending. It has outperformed by 12.46% the S&P500.

Analysts await Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to report earnings on January, 25. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. OLBK’s profit will be $3.79M for 16.61 P/E if the $0.34 EPS becomes a reality. After $0.32 actual EPS reported by Old Line Bancshares, Inc. (MD) for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

According to Zacks Investment Research, “Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bank’s primary market area is the suburban Maryland (Washington, D.C. suburbs) counties of Prince George’s, Charles and northern St. Mary’s. It also targets customers throughout the greater Washington, D.C. metropolitan area.”

Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 0.32, from 1.82 in 2016Q1. The ratio turned negative, as 8 funds sold all Old Line Bancshares, Inc. (MD) shares owned while 9 reduced positions. 13 funds bought stakes while 18 increased positions. They now own 5.04 million shares or 8.93% more from 4.63 million shares in 2016Q1.
Mendon Cap Advsr accumulated 0.43% or 229,211 shares. Royal Bancorp Of Canada has invested 0% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Vanguard Group has invested 0% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). First Manhattan Co has invested 0.01% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Dimensional Fund Ltd Partnership holds 0% or 123,266 shares in its portfolio. Schwab Charles Mngmt Inc holds 0% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) for 12,300 shares. Lsv Asset Mngmt reported 21,753 shares or 0% of all its holdings. Manufacturers Life Insur Company The accumulated 0% or 8,427 shares. Clarivest Asset Mngmt Lc has invested 0.01% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Fj Mgmt Ltd Llc last reported 2.1% of its portfolio in the stock. Teachers accumulated 13,580 shares or 0% of the stock. Davenport & Communications Lc last reported 29,500 shares in the company. Nationwide Fund Advsr has 0% invested in the company for 12,116 shares. Banc Funds Lc has invested 0.62% of its portfolio in Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK). Blackrock Ltd Liability Corp accumulated 0% or 2,307 shares.

Insider Transactions: Since June 2, 2016, the stock had 25 buys, and 2 sales for $402,547 net activity. $79 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) shares were bought by GRAHAM THOMAS H. Proctor Gregory S JR bought 2,500 shares worth $43,625. $39,447 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) shares were bought by Rivest Jeffrey A. The insider Suit John M II bought $19,650. $8,229 worth of Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) was bought by DENT JAMES F. 11 Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) shares with value of $209 were bought by Semanie Mark A. CORNELSEN JAMES W bought 950 shares worth $18,145.

More notable recent Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) news were published by: Globenewswire.com which released: “Old Line Bancshares, Inc. Announces Pricing of $35 Million of Fixed-to …” on August 10, 2016, also Globenewswire.com with their article: “Old Line Bancshares Completes Acquisition of Regal Bancorp, Inc.; Combined …” published on December 04, 2015, Globenewswire.com published: “Old Line Bancshares Completes Acquisition of WSB Holdings, Inc.; Combined …” on May 10, 2013. More interesting news about Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) were released by: Globenewswire.com and their article: “Old Line Bancshares, Inc. and Regal Bancorp, Inc. Announce Execution of Merger …” published on August 05, 2015 as well as Globenewswire.com‘s news article titled: “Raymond Lyon Joins Old Line Bank as Senior Vice President, Commercial Lending” with publication date: October 16, 2015.

OLBK Company Profile

Old Line Bancshares, Inc., incorporated on April 11, 2003, is the holding firm of Old Line Bank (The Bank). The Bank is a chartered trust firm engaged in commercial banking business, making various types of loans, investments and accepting deposits. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, clients and clients. The Bank, through its division Old Line Financial Services, provides retirement planning and products, as well as investment services, including investment management, estate and succession planning, and allows its clients to directly purchase individual stocks, bonds and mutual funds.

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