Earnings Estimates Moving Higher for Old Line Bancshares Inc (OLBK): Time to Buy?

Zacks Equity Research

Banking firm Old Line Bancshares Inc. (OLBK) could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on OLBK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Old Line Bancshares could be a solid choice for investors.

Current Quarter Estimates for OLBK

In the past 30 days, 2 estimates have gone higher for Old Line Bancshares while no estimates moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago to 25 cents today, a move of 38.9%.

Current Year Estimates for OLBK

Meanwhile, Old Line Bancshares current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no estimates going lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 52 cents per share 30 days ago to 65 cents per share today, an increase of 25%.

Bottom Line

The stock has also started to move higher lately, adding 8.0% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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OLD LINE BANCSHARES INC (MD) (OLBK): Free Stock Analysis Report

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