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

Fundamentals

Flawless balance sheet with proven 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


Market Performance


7 Day Return

3.9%

OLBK

2.9%

US Banks

0.07%

US Market


1 Year Return

5.4%

OLBK

8.6%

US Banks

8.9%

US Market

Return vs Industry: OLBK underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: OLBK underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

OLBKIndustryMarket
7 Day3.9%2.9%0.07%
30 Day3.2%3.4%-0.3%
90 Day10.5%2.1%-1.6%
1 Year7.2%5.4%11.8%8.6%11.3%8.9%
3 Year59.4%53.3%54.8%44.1%46.3%36.8%
5 Year110.7%97.5%70.2%51.6%62.1%44.3%

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?

14.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OLBK ($30.39) is trading above our estimate of fair value ($22.14)

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 (14.4x) compared to the Banks industry average (12.6x).

PE vs Market: OLBK is good value based on its PE Ratio (14.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: OLBK is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: OLBK is overvalued based on its PB Ratio (1.3x) 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 3 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLBK's forecast earnings growth (10.9% per year) is above the savings rate (2.7%).

Earnings vs Market: OLBK's earnings (10.9% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: OLBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: OLBK's revenue (6.6% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: OLBK's revenue (6.6% per year) is forecast to grow slower 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?

28.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OLBK's earnings have grown significantly by 28.5% per year over the past 5 years.

Accelerating Growth: OLBK's earnings growth over the past year (113.2%) exceeds its 5-year average (28.5% per year).

Earnings vs Industry: OLBK earnings growth over the past year (113.2%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: OLBK's Return on Equity (9.2%) is considered low.


Return on Assets

ROA vs Industry: OLBK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate OLBK's Return on Capital Employed to determine if it has improved over the past 3 years.


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 sufficient 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 (0.32%)


Next Steps

Dividend

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

1.58%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years1.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OLBK's dividend (1.58%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: OLBK's dividend (1.58%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (20.9%), 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

What is the CEO of Old Line Bancshares's salary, the management and board of directors tenure and is there insider trading?

6.4yrs

Average management tenure


CEO

Jim Cornelsen (65yo)

16.8yrs

Tenure

US$2,100,429

Compensation

Mr. James W. Cornelsen also known as Jim, is the President and Chief Executive Officer of Old Line Bancshares, Inc. (the “Company”) and Old Line Bank (the “Bank”). Mr. Cornelsen has been a Director of Old  ...


CEO Compensation Analysis

Compensation vs. Market: Jim's total compensation ($USD2.10M) is about average for companies of similar size in the US market ($USD1.81M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.4yrs

Average Tenure

57.5yo

Average Age

Experienced Management: OLBK's management team is seasoned and experienced (6.4 years average tenure).


Board Age and Tenure

13.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: OLBK's board of directors are seasoned and experienced ( 13.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$27,84016 Sep 19
James Dent
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$27.84
SellUS$357,06313 Sep 19
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares12,500
Max PriceUS$28.57
BuyUS$23,01614 Mar 19
Jeffrey Rivest
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares840
Max PriceUS$27.40
BuyUS$27,00013 Mar 19
Jeffrey Rivest
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$27.00
BuyUS$13513 Mar 19
Jeffrey Rivest
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5
Max PriceUS$26.90
BuyUS$4,89812 Mar 19
Suhas Shah
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares182
Max PriceUS$26.91
SellUS$28,23427 Feb 19
James Dent
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$28.23
BuyUS$17,58226 Feb 19
James Cornelsen
EntityIndividual
Role
Chief Executive Officer
President
Shares613
Max PriceUS$28.76
BuyUS$28,69025 Feb 19
Gregory Proctor
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares1,000
Max PriceUS$28.69
BuyUS$10,74822 Feb 19
Gail Manuel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares375
Max PriceUS$28.66
BuyUS$35,50321 Feb 19
John Suit
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,300
Max PriceUS$27.31
BuyUS$54,85621 Feb 19
Thomas Graham
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$27.44
BuyUS$6,90031 Jan 19
Stephen Deadrick
EntityIndividual
Shares250
Max PriceUS$27.60
BuyUS$40,54531 Jan 19
John Suit
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$27.03
BuyUS$16,86830 Jan 19
Gail Manuel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares595
Max PriceUS$28.35
BuyUS$2,23716 Jan 19
Rosie Allen-Herring
EntityIndividual
Shares78.05
Max PriceUS$30.48
BuyUS$17,92806 Dec 18
James Clifford
EntityIndividual
Shares630
Max PriceUS$28.46
SellUS$124,19604 Dec 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares4,096
Max PriceUS$30.32
SellUS$150,08027 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares5,000
Max PriceUS$30.02
SellUS$28,70416 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares953
Max PriceUS$30.12
SellUS$3,06215 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares100
Max PriceUS$30.62
SellUS$213,56614 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares7,000
Max PriceUS$30.51
SellUS$60,14213 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares2,000
Max PriceUS$30.07
SellUS$181,94709 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares6,000
Max PriceUS$30.46
SellUS$28,32405 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares936
Max PriceUS$30.26
SellUS$60,09102 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares2,000
Max PriceUS$30.05
SellUS$57,05301 Nov 18
H Bancorp LLC., Asset Management Arm
EntityCompany
Shares1,881
Max PriceUS$30.33
BuyUS$27,75025 Oct 18
Mark Semanie
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares1,000
Max PriceUS$27.75
BuyUS$5,59024 Oct 18
Suhas Shah
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares200
Max PriceUS$27.95

Ownership Breakdown


Management Team

  • Mark Semanie (56yo)

    Executive VP

    • Tenure: 6.4yrs
    • Compensation: US$634.07k
  • Jim Cornelsen (65yo)

    President

    • Tenure: 16.8yrs
    • Compensation: US$2.10m
  • Bill Bush (55yo)

    Executive Vice President of Commercial Lending

    • Tenure: 12.4yrs
  • Carol Ramey (59yo)

    • Tenure: 6.4yrs
  • Elise Adams (46yo)

    Executive VP & CFO

    • Tenure: 5.5yrs
    • Compensation: US$395.10k
  • Jack Welborn (65yo)

    Executive VP & Chief Lending Officer

    • Tenure: 0yrs
    • Compensation: US$500.01k

Board Members

  • Gail Manuel (64yo)

    Independent Director

    • Tenure: 16.5yrs
    • Compensation: US$59.40k
  • James Dent (82yo)

    Independent Director

    • Tenure: 16.5yrs
    • Compensation: US$65.90k
  • Jim Cornelsen (65yo)

    President

    • Tenure: 16.8yrs
    • Compensation: US$2.10m
  • Craig Clark (77yo)

    Chairman of the Board

    • Tenure: 16.5yrs
    • Compensation: US$93.60k
  • Gregory Proctor (55yo)

    Vice Chairman

    • Tenure: 1.8yrs
    • Compensation: US$82.90k
  • Jeff Rivest (66yo)

    Independent Director

    • Tenure: 7.1yrs
    • Compensation: US$63.60k
  • Tom Graham (58yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: US$60.10k
  • Suhas Shah (64yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$61.40k
  • John Suit (74yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$68.70k
  • Andre' Gingles (62yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$59.20k

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$516.604m
  • Shares outstanding: 17.00m
  • 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, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:40
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
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.