Today, the EVP & COO of Old Line Bancshares (NASDAQ: OLBK), Mark Semanie, bought shares of OLBK for $50.68K.
Following this transaction Mark Semanie’s holding in the company was increased by 10.44% to a total of $538.4K. Following Mark Semanie’s last OLBK Buy transaction on February 09, 2017, the stock climbed by 7.4%.
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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 $18.4 million and had a net profit of $3.97 million. OLBK’s market cap is $441.2M and the company has a P/E ratio of 23.72. Currently, Old Line Bancshares has an average volume of 65.08K.
Three different firms, including KBW and Sandler O’Neill, currently also have a Buy rating on the stock.
The insider sentiment on Old Line Bancshares has been positive according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
