Stephen Rosenman
Long/short equity, deep value, special situations

Old Line Bancshares: Over Promising And Under Delivering

Someone dumped Old Line Bancshares (NASDAQ:OLBK) on June 27.

The stock of this $1.2 billion-asset Maryland regional bank dropped a dramatic 7% from open to close as an astounding 1 million shares changed hands - extraordinary considering the bank has only a 6 million share float and its daily volume averages 40-60 thousand shares. Even more worrisome, Old Line moved lower while the regional bank index (NYSEARCA:KRE) actually advanced higher. As charted below, the June 27 volume absolutely stands out.

The massive selling has to give any would-be OLBK investor pause. After all, do the sellers know something the rest of us don't? And then again, could this simply be an opportunity to enter at more...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details