Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) Announces $0.12 Quarterly Dividend

Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) declared a quarterly dividend on Friday, August 23rd, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.12 per share by the bank on Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, September 12th.

Old Line Bancshares, Inc. (MD) has raised its dividend payment by an average of 21.9% per year over the last three years and has raised its dividend every year for the last 3 years. Old Line Bancshares, Inc. (MD) has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old Line Bancshares, Inc. (MD) to earn $2.49 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 19.3%.

Shares of OLBK traded up $0.47 during midday trading on Tuesday, reaching $28.08. The stock had a trading volume of 9,612 shares, compared to its average volume of 75,319. The company has a market cap of $453.71 million, a price-to-earnings ratio of 12.82 and a beta of 0.59. The company’s fifty day simple moving average is $26.86 and its two-hundred day simple moving average is $26.26. Old Line Bancshares, Inc. has a 1-year low of $24.12 and a 1-year high of $34.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.95.



Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $26.73 million for the quarter, compared to analyst estimates of $27.45 million. Old Line Bancshares, Inc. (MD) had a return on equity of 9.95% and a net margin of 26.08%. On average, sell-side analysts forecast that Old Line Bancshares, Inc. will post 2.2 earnings per share for the current year.

A number of analysts have issued reports on OLBK shares. Zacks Investment Research raised Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a report on Saturday. Janney Montgomery Scott downgraded Old Line Bancshares, Inc. (MD) from a “buy” rating to a “neutral” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised Old Line Bancshares, Inc. (MD) from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $28.00 to $33.00 in a research report on Thursday, July 25th. ValuEngine upgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, BidaskClub downgraded Old Line Bancshares, Inc. (MD) from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Old Line Bancshares, Inc. (MD) presently has a consensus rating of “Hold” and an average price target of $34.00.

About Old Line Bancshares, Inc. (MD)

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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Dividend History for Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)

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