Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Having a price of $19.33, Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) traded 0.31% higher on the day. With the last close up 4.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Old Line Bancshares, Inc. (MD) has recorded a 50-day average of $19.57 and a two hundred day average of $18.69. Volume of trade was down over the average, with 7,171 shares of OLBK changing hands under the typical 16,722
Zacks Investment Research has upgraded Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to Hold in a statement released on Wednesday October 12, 2016.
With a total market value of $0, Old Line Bancshares, Inc. (MD) has price-earnings ratio of 20.34 with a one year low of $16.34 and a one year high of $20.09 .
More About Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK)
Old Line Bancshares, Inc. 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. It 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. Its lending activities consists of short to medium term commercial business loans, commercial real estate loans, real estate construction loans, home equity loans and consumer installment loans, both secured and unsecured. The Bank monitors its investment portfolio and it usually classifies investments in the portfolio as available for sale. It offers a range of deposit products that include demand, negotiable order of withdrawal (NOW), money market and savings accounts, as well as certificates of deposit.
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