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 established dividend payer.


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

5.5%

NasdaqCM:OLBK

3.4%

US Banks

1.1%

US Market


1 Year Return

-14.2%

NasdaqCM:OLBK

-3.7%

US Banks

2.1%

US Market

OLBK underperformed the Banks industry which returned -3.7% over the past year.

OLBK underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

OLBKIndustryMarket
7 Day5.5%3.4%1.1%
30 Day10.3%9.7%3.7%
90 Day13.7%5.1%2.3%
1 Year-12.8%-14.2%-1.0%-3.7%4.4%2.1%
3 Year52.2%46.4%56.1%45.4%47.0%37.4%
5 Year116.9%103.3%63.5%45.7%61.6%43.8%

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 based on future cash flows and its price relative to the stock market?

13.84x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Old Line Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Old Line Bancshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Old Line Bancshares is overvalued based on earnings compared to the US Banks industry average.

Old Line Bancshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Old Line Bancshares is poor value based on expected growth next year.


Price Based on Value of Assets

Old Line Bancshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Old Line Bancshares expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Old Line Bancshares's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).

Old Line Bancshares's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Old Line Bancshares's revenue growth is positive but not above the United States of America market average.

Old Line Bancshares's earnings growth is positive but not above the United States of America market average.

Old Line Bancshares's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Old Line Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Old Line Bancshares has delivered over 20% year on year earnings growth in the past 5 years.

Old Line Bancshares's 1-year earnings growth exceeds its 5-year average (113.2% vs 28.5%)

Old Line Bancshares's earnings growth has exceeded the US Banks industry average in the past year (113.2% vs 31.7%).


Return on Equity

Old Line Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Old Line Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Old Line Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Old Line Bancshares has an acceptable proportion of non-loan assets held.

Old Line Bancshares has a sufficient allowance for bad loans.

Old Line Bancshares's liabilities are made up of primarily low risk sources of funding.

Old Line Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Old Line Bancshares are broadly funded by customer deposits.

Old Line Bancshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.66%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Old Line Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Old Line Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).


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?

6.3yrs

Average management tenure


CEO

Jim Cornelsen (65yo)

16.7yrs

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

Jim's remuneration is about average for companies of similar size in United States of America.

Jim's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.3yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Old Line Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.2yrs

Average Tenure

64.5yo

Average Age

The average tenure for the Old Line Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

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
Director
Shares840
Max PriceUS$27.40
BuyUS$13513 Mar 19
Jeffrey Rivest
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5
Max PriceUS$26.90
BuyUS$27,00013 Mar 19
Jeffrey Rivest
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$27.00
BuyUS$4,89812 Mar 19
Suhas Shah
EntityIndividual
Role
Member of the Board of Directors
Director
Shares182
Max PriceUS$26.91
SellUS$28,23427 Feb 19
James Dent
EntityIndividual
Role
Member of the Board of Directors
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
Director
Shares375
Max PriceUS$28.66
BuyUS$35,50321 Feb 19
John Suit
EntityIndividual
Role
Member of the Board of Directors
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
Director
Shares1,500
Max PriceUS$27.03
BuyUS$16,86830 Jan 19
Gail Manuel
EntityIndividual
Role
Member of the Board of Directors
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$7,16031 Oct 18
Stephen Deadrick
EntityIndividual
Shares250
Max PriceUS$28.64
BuyUS$27,75025 Oct 18
Mark Semanie
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares1,000
Max PriceUS$27.75
BuyUS$14,70524 Oct 18
John Suit
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$29.41
BuyUS$5,59024 Oct 18
Suhas Shah
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$27.95

Ownership Breakdown


Management Team

  • Mark Semanie (56yo)

    Executive VP

    • Tenure: 6.3yrs
    • Compensation: US$634.07k
  • Jim Cornelsen (65yo)

    President

    • Tenure: 16.7yrs
    • Compensation: US$2.10m
  • Bill Bush (55yo)

    Executive Vice President of Commercial Lending

    • Tenure: 12.3yrs
  • Martin Miller (69yo)

    Executive VP & Chief Credit Officer

    • Tenure: 5.7yrs
    • Compensation: US$406.07k
  • Elise Adams (46yo)

    Executive VP & CFO

    • Tenure: 5.4yrs
    • Compensation: US$395.10k
  • Jack Welborn (65yo)

    Executive VP & Chief Lending Officer

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

Board Members

  • Gail Manuel (64yo)

    Director

    • Tenure: 16.4yrs
    • Compensation: US$59.40k
  • James Dent (82yo)

    Director

    • Tenure: 16.4yrs
    • Compensation: US$65.90k
  • Jim Cornelsen (65yo)

    President

    • Tenure: 16.7yrs
    • Compensation: US$2.10m
  • Craig Clark (77yo)

    Chairman of the Board

    • Tenure: 16.4yrs
    • Compensation: US$93.60k
  • Gregory Proctor (55yo)

    Vice Chairman

    • Tenure: 1.7yrs
    • Compensation: US$82.90k
  • Jeff Rivest (66yo)

    Director

    • Tenure: 7yrs
    • Compensation: US$63.60k
  • Tom Graham (58yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$60.10k
  • Suhas Shah (64yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$61.40k
  • John Suit (74yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$68.70k
  • Andre' Gingles (62yo)

    Director

    • Tenure: 9.2yrs
    • 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$495.185m
  • 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 Analysis2019/09/16 23:39
End of Day Share Price2019/09/16 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.