It is trading at $30.15 which is marginally higher than $28.69, the stock’s 50 day moving average and slightly over the 200 day moving average of $27.93. The 50 day moving average was up $1.46 and the 200 day average went up by +7.94%. 26K shares changed hands in the last trading session. Overall, volume was down 8.25% under the stocks normal daily volume.
Short traders are more bearish on the company recently considering the motion in short interest. The stock recorded a rise in short interest of 174.09% as of October 13, 2017 from the last reporting period. Short interest grew 120,967 over that timeframe. Days to cover increased 4.0 to 6.0 and the short interest percentage is 0.02% as of October 13.
These firms have modified their investment in OLBK. As of the end of the quarter First Manhattan Co had disposed of a total of 5,000 shares trimming its position 9.1%. The value of the investment in (OLBK) decreased from $1,549,000 to $1,399,000 a change of 9.7% quarter over quarter. Nationwide Fund Advisors downsized its investment by shedding 100 shares a decrease of 0.9% as of 09/30/2017. Nationwide Fund Advisors controls 11,607 shares with a value of $325,000. The value of the position overall is down by 1.5%.
First Trust Advisors Lp trimmed its stake by selling 1,070 shares a decrease of 4.5%. First Trust Advisors Lp now controls 22,462 shares valued at $629,000. The total value of its holdings decreased 5.1%. Raymond James Financial Services Advisors, Inc. added to its ownership by buying 125 shares an increase of 1.4% in the quarter. Raymond James Financial Services Advisors, Inc. currently owns 9,163 shares worth $257,000. The value of the position overall is up by 0.8%.
On July 17, 2017 the stock rating was rated “Market Perform” according to a Keefe Bruyette & Woods report which is down from the previous “Outperform” rating.
The company is trading up by 0.27% percent from yesterday’s close. Old Line Bancshares, Inc. recently declared a dividend for shareholders which was paid on Friday September 29th, 2017. The dividend payment was $0.080 per share for the quarter which comes to $0.32 on an annualized basis. This dividend amount was represent a yield of $1.06. The ex-dividend date was set for Thursday the 14th of September 2017.
The company’s P/E ratio is 21.08 and the market value is 375.40M. In the latest earnings report the EPS was $1.43 and is projected to be $1.56 for the current year with 12,451,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.44 with next year’s EPS anticipated to be $2.06.
Old Line Bancshares, Inc., launched on April 11, 2003, 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. The Bank markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers 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 customers to directly purchase individual stocks, bonds and mutual funds..