Today it was reported that a Director at Old Line Bancshares (OLBK), Suhas Shah, exercised options to buy 1,000 OLBK shares at $6.30 a share, for a total transaction value of $6,300. The options were close to expired and Suhas Shah retained stocks.
In addition to Suhas Shah, 9 other OLBK executives reported Buy trades in the last month. Following this transaction Suhas Shah’s holding in the company was increased by 2.31% to a total of $1.26 million.
Based on Old Line Bancshares’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $33.53 million and quarterly net profit of $8.26 million. In comparison, last year the company earned revenue of $21.63 million and had a net profit of $2.16 million. OLBK’s market cap is $483.8M and the company has a P/E ratio of 17.90. Currently, Old Line Bancshares has an average volume of 38.81K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.33, reflecting a 24.0% upside.
In the last 30 days, insiders have sold $761.5K worth of OLBK shares and purchased $24.22K worth of OLBK shares. The insider sentiment on Old Line Bancshares has been negative according to 105 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Suhas Shah’s trades have generated a 10.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Old Line Bancshares, Inc. is a bank holding company, which engages in the provision of commercial banking services. It offers various deposit products, including demand, negotiable order of withdrawal, money market, time, and savings accounts, as well as certificates of deposit.