The President & CEO of Old Line Bancshares (NASDAQ: OLBK) is Buying Shares

By Carrie Williams

Today, the President & CEO of Old Line Bancshares (NASDAQ: OLBK), James Cornelsen, bought shares of OLBK for $18.15K.

In addition to James Cornelsen, 7 other OLBK executives reported Buy trades in the last month. Following James Cornelsen’s last OLBK Buy transaction on March 22, 2016, the stock climbed by 1.0%.

Based on Old Line Bancshares’ latest earnings report from June 30, the company posted quarterly revenue of $17.18M and quarterly net profit of $3.13M. In comparison, last year the company earned revenue of $14.85M and had a net profit of $3.11M. OLBK’s market cap is $205.3M and the company has a P/E ratio of 19.10. The company has a one year high of $20.09 and a one year low of $16.75.

The insider sentiment on Old Line Bancshares has been positive according to 87 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Old Line Bancshares, Inc. operates as the holding company. The company through its wholly owned subsidiary, Old Line Bank, provides 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. The bank’s loan portfolio comprises short to medium term commercial business, commercial real estate, real estate construction, mortgage, home equity, and consumer installment loans. It also offers safe deposit boxes, wire transfer, debit cards, automated teller machine, Internet banking, and credit card services, as well as commercial account services, including direct deposit of payroll and an overnight sweep service. The company serves small and medium size businesses, entrepreneurs, professionals, consumers and high net worth clients. Old Line Bancshares was founded in April 11, 2003 and is headquartered in Bowie, MD.