Today, a Director at Old Line Bancshares, Gail Manuel, exercised options of Old Line Bancshares (NASDAQ: OLBK) for $91.33K.
In addition to Gail Manuel, 20 other OLBK executives reported Buy trades in the last month. Following this transaction Gail Manuel’s holding in the company was increased by 19.02% to a total of $1.8 million.
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Based on Old Line Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $23.09 million and quarterly net profit of $6.07 million. In comparison, last year the company earned revenue of $19.05 million and had a net profit of $3.97 million. OLBK’s market cap is $434.7M and the company has a P/E ratio of 23.37. Currently, Old Line Bancshares has an average volume of 26.64K.
Three different firms, including KBW and Sandler O’Neill, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $5.7M worth of OLBK shares and purchased $194.7K worth of OLBK shares. The insider sentiment on Old Line Bancshares has been negative according to 89 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Gail Manuel’s trades have generated a 24.0% 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.
