Old Line Bancshares (MD) (OLBK) is Upgraded by Keefe Bruyette to Outperform

Old Line Bancshares (MD) (OLBK) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

Old Line Bancshares (MD) opened for trading at $20.82 and hit $21.37 on the upside on Friday, eventually ending the session at $21.36, with a gain of 1.76% or 0.37 points. The heightened volatility saw the trading volume jump to 10,877 shares. Company has a market cap of $232 M.

In a different news, on Nov 21, 2016, Thomas H Graham (director) purchased 500 shares at $21.00 per share price. According to the SEC, on Nov 9, 2016, Carla Hargrove Mcgill (director) purchased 2,500 shares at $19.67 per share price. On Nov 7, 2016, James W Cornelsen (President and Chief Executive) purchased 950 shares at $19.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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 investment services including investment management estate and succession planning and allows its customers to directly purchase individual stocks bonds and mutual funds. The Bank also offers its customers safe deposit boxes wire transfer services debit cards prepaid cards automated teller machines at all of its branch locations investment services and credit cards through a third party processor. Additionally it provides Internet and mobile banking capabilities to its customers.

Old Line Bancshares  (MD)

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