Zacks Investment Research downgraded Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to Sell in a statement released earlier today.
- Updated: September 25, 2016
Showing a price of $19.90, Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) traded -1.51% lower on the day. With the last stock price close up 5.71% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. OLBK has recorded a 50-day moving average of $19.45 and a 200-day average of $18.55. Trading volume was down over the average, with 6,972 shares of OLBK changing hands under the typical 33,044
Zacks Investment Research has downgraded Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) to Sell in a report released on 9/21/2016.
On 2/10/2016, KBW released a statement on Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) raised the target price from $0.00 to $20.00. At the time, this suggested an upside of 0.15%.
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With a total market value of $0, Old Line Bancshares, Inc. (MD) has one year low of $15.85 and a one year high of $20.09 with a P/E ratio of 20.43 .
Brief Synopsis 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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