NasdaqCM:OLBK

Stock Analysis Report

Executive Summary

Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients.


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Old Line Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OLBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.2%

OLBK

6.0%

US Banks

7.2%

US Market


1 Year Return

-3.8%

OLBK

-26.4%

US Banks

-10.4%

US Market

Return vs Industry: OLBK underperformed the US Banks industry which returned 21.7% over the past year.

Return vs Market: OLBK underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

OLBKIndustryMarket
7 Day-0.2%6.0%7.2%
30 Day0.1%-24.0%-12.6%
90 Day10.8%-38.0%-19.4%
1 Year-2.1%-3.8%-24.1%-26.4%-8.5%-10.4%
3 Year41.0%35.7%-15.8%-21.9%15.8%8.3%
5 Year116.3%102.7%13.2%0.2%35.8%21.0%

Price Volatility Vs. Market

How volatile is Old Line Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Old Line Bancshares undervalued compared to its fair value and its price relative to the market?

13.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OLBK ($28.83) is trading above our estimate of fair value ($15.98)

Significantly Below Fair Value: OLBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OLBK is poor value based on its PE Ratio (13.3x) compared to the Banks industry average (12.8x).

PE vs Market: OLBK is good value based on its PE Ratio (13.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OLBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OLBK is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Old Line Bancshares forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-1.2%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if OLBK's forecast earnings growth is above the savings rate (2.7%).

Earnings vs Market: Insufficient data to determine if OLBK's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if OLBK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if OLBK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OLBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Old Line Bancshares performed over the past 5 years?

31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLBK has high quality earnings.

Growing Profit Margin: OLBK's current net profit margins (34.3%) are higher than last year (25.1%).


Past Earnings Growth Analysis

Earnings Trend: OLBK's earnings have grown significantly by 31.3% per year over the past 5 years.

Accelerating Growth: OLBK's earnings growth over the past year (60.4%) exceeds its 5-year average (31.3% per year).

Earnings vs Industry: OLBK earnings growth over the past year (60.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: OLBK's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Old Line Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: OLBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: OLBK's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: OLBK's level of assets compared to its equity is low.

Allowance for Bad Loans: OLBK has a low allowance for bad loans.

Low Risk Liabilities: OLBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: OLBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: OLBK's loans are broadly funded by customer deposits.

Level of Bad Loans: OLBK has an appropriate level of bad loans (0.34%)


Next Steps

Dividend

What is Old Line Bancshares's current dividend yield, its reliability and sustainability?

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OLBK's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: OLBK's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: OLBK's dividends per share have been stable in the past 10 years.

Growing Dividend: OLBK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.3%), OLBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Old Line Bancshares has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Elise Adams
Executive VP & CFO5.58yrsUS$395.10k0.042% $204.3k
Mark Semanie
Executive VP6.5yrsUS$634.07k0.12% $576.8k
Jack Welborn
Executive VP & Chief Lending Officerno dataUS$500.01k0.15% $743.6k
William Bush
Executive Vice President of Commercial Lending12.5yrsno datano data

6.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: OLBK's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gail Manuel
Independent Director16.58yrsUS$59.40k0.32% $1.6m
James Dent
Independent Director16.58yrsUS$65.90k0.35% $1.7m
Craig Clark
Chairman of the Board16.58yrsUS$93.60k1.29% $6.3m
Jeffrey Rivest
Independent Director7.17yrsUS$63.60k0.20% $974.1k
Thomas Graham
Independent Director6yrsUS$60.10k0.20% $1.0m
Suhas Shah
Independent Director13.83yrsUS$61.40k0.30% $1.5m
John Suit
Independent Director12.83yrsUS$68.70k0.47% $2.3m
Andre' Gingles
Independent Director9.33yrsUS$59.20k0.34% $1.7m
Stephen Deadrick
Independent Director2.33yrsUS$60.50k0.18% $878.6k
James Clifford
Independent Director2.33yrsUS$65.20k0.092% $449.7k

11.1yrs

Average Tenure

65.5yo

Average Age

Experienced Board: OLBK's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OLBK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Company Information

Old Line Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Old Line Bancshares, Inc.
  • Ticker: OLBK
  • Exchange: NasdaqCM
  • Founded: 1989
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$490.267m
  • Shares outstanding: 17.01m
  • Website: https://www.oldlinebank.com

Number of Employees


Location

  • Old Line Bancshares, Inc.
  • 1525 Pointer Ridge Place
  • Bowie
  • Maryland
  • 20716
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLBKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 1997

Biography

Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. The company accepts a range of deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit. It also offers commercial and industrial loans, such as 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; funds for the construction of single family residences, financing to builders for the construction of pre-sold homes, and loans for multi-family housing, as well as home equity and home improvement loans; land acquisition and development loans; and consumer installment loans. In addition, the company provides safe deposit boxes, wire transfer services, automated teller machine services, and Internet and mobile banking services; debit, prepaid, and credit cards; commercial account services comprising direct deposit of payroll, overnight sweep, lockbox, and remote deposit capture; and investment services consisting of investment management, estate and succession planning, and brokerage services. As of December 31, 2018, it operated a total of 37 branches and 9 loan production offices in suburban Maryland counties of Anne Arundel, Calvert, Charles, Frederick, Harford, Howard, Prince George’s, Montgomery, and St. Mary’s; and Baltimore and Carroll. Old Line Bancshares, Inc. was founded in 1989 and is headquartered in Bowie, Maryland. As of November 22, 2019, Old Line Bancshares, Inc. operates as a subsidiary of WesBanco, Inc.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/25 23:39
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.