Last $15.82 USD
Change Today -0.09 / -0.57%
Volume 5.2K
OLBK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

old line bancshares inc (OLBK) Snapshot

Open
$16.04
Previous Close
$15.91
Day High
$16.05
Day Low
$15.69
52 Week High
02/10/14 - $18.00
52 Week Low
08/4/14 - $13.58
Market Cap
170.7M
Average Volume 10 Days
13.7K
EPS TTM
$0.92
Shares Outstanding
10.8M
EX-Date
12/10/14
P/E TM
17.3x
Dividend
$0.20
Dividend Yield
1.14%
Current Stock Chart for OLD LINE BANCSHARES INC (OLBK)

Related News

No related news articles were found.

old line bancshares inc (OLBK) Related Businessweek News

No Related Businessweek News Found

old line bancshares inc (OLBK) Details

Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides commercial banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients in Maryland. It offers various deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit. The company’s lending portfolio includes commercial and industrial loans, including lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, small business administration loans, standby letters of credit, and unsecured loans; commercial real estate loans; residential real estate loans that consist of funds advanced for the construction of single family residences, multi-family housing, and pre-sold homes; home equity loans and home improvement loans; land and acquisition, and development loans; secured and unsecured consumer installment loans; and personal and household loans. In addition, it offers safe deposit boxes, wire transfer services, debit cards, prepaid cards, automated teller machine services, credit cards, and Internet banking services, as well as investment services, including investment management, estate and succession planning, and brokerage services. Further, the company provides commercial account services, including direct deposit of payroll, an overnight sweep service, lockbox services, and remote deposit capture service. As of October 24, 2014, it had 23 branches in Anne Arundel, Calvert, Charles, Prince George's, and St. Mary's counties of Maryland. The company was founded in 1989 and is headquartered in Bowie, Maryland.

228 Employees
Last Reported Date: 03/14/14
Founded in 1989

old line bancshares inc (OLBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $400.0K
Chief Operating Officer, Principal Accounting...
Total Annual Compensation: $192.7K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $215.2K
Compensation as of Fiscal Year 2013.

old line bancshares inc (OLBK) Key Developments

Old Line Bancshares Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Old Line Bancshares Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Old Line Bancshares Inc. Plans to Close Four Branches in December 2014

Old Line Bancshares Inc. announced plans to realign branch offices within the footprint, which includes the closing and consolidation of four branches. The branches to be closed are Crofton Centre, Lexington Park, Solomons and Waldorf Charles County Plaza. All of these branches have existing Old Line Bank branches within close proximity. The closing of the branches, which is scheduled for December 2014, will result in an estimated pre-tax cost savings of approximately $1.6 million in 2015.

Old Line Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Offs for the Third Quarter of 2014

Old Line Bancshares Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common stockholders of $1.745 million against $2.21 million a year ago. Basic and diluted earnings per share were $0.16 compared to $0.22 a year ago. Total interest income was $11.12 million compared to $12.6 million a year ago. Net interest income was $10.16 million compared to $11.5 million a year ago. Income before income taxes was $2.4 million compared to $3.2 million a year ago. The company ended the third quarter of 2014 with a book value of $12.35 per common share and a tangible book value of $11.20 per common share compared to $11.71 and $10.50, respectively, at December 31, 2013. The third quarter return on average assets (ROAA) and return on average equity (ROAE) were 0.57% and 5.22%, respectively, compared to ROAA and ROAE of 0.75% and 7.47%, respectively, for the third quarter of 2013. The decrease in net income for the three months ending September 30, 2014 compared to the three months ending September 30, 2013, was primarily the result of a $1.3 million, or 11.51%, decrease in net interest income, a $113,000, or 7.98%, decrease in non-interest income, offsetting a $601,000 decrease in non-interest expenses. The decline in net interest income is primarily due to a decrease of $1.7 million in accretion on acquired loans resulting from payoffs that accelerated accretion in the three months ended September 30, 2013 and accelerated amortization in the three months ended September 30, 2014. For the nine months, the company reported net income available to common stockholders of $5.35 million against $3.410 million a year ago. Diluted earnings per share were $0.49 compared to basic and diluted earnings per share of $0.40 a year ago. Total interest income was $34.106 million compared to $31.7 million a year ago. Net interest income was $31.13 million compared to $28.53 million a year ago. Income before income taxes was $7.325 million compared to $4.6 million a year ago. ROAA and ROAE for the nine months ended September 30, 2014 were 0.60% and 5.53%, respectively, compared to ROAA and ROAE of 0.45% and 4.80%, respectively, for the nine months ending September 30, 2013. For the third quarter ended September 30, 2014, the company reported net charge offs of $316,000 against $405,000 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OLBK:US $15.82 USD -0.09

OLBK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
ACNB Corp $20.66 USD -0.55
Citizens Financial Services Inc $53.75 USD 0.00
Codorus Valley Bancorp Inc $19.85 USD 0.00
Penns Woods Bancorp Inc $48.25 USD -0.35
Republic First Bancorp Inc $3.84 USD 0.00
View Industry Companies
 

Industry Analysis

OLBK

Industry Average

Valuation OLBK Industry Range
Price/Earnings 17.7x
Price/Sales 3.5x
Price/Book 1.3x
Price/Cash Flow 17.5x
TEV/Sales 1.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact OLD LINE BANCSHARES INC, please visit www.oldlinebank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.