Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Old Second Bancorp (OSBC) Stock Price
Media stories about Old Second Bancorp (NASDAQ:OSBC) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Second Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.1819244692518 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have commented on OSBC. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 price target on shares of Old Second Bancorp in a research note on Wednesday, April 26th.
Old Second Bancorp (NASDAQ OSBC) traded down 1.27% during midday trading on Wednesday, reaching $11.65. The company’s stock had a trading volume of 46,225 shares. The stock’s 50-day moving average price is $11.73 and its 200 day moving average price is $11.26. Old Second Bancorp has a 1-year low of $7.00 and a 1-year high of $12.75. The firm has a market capitalization of $344.61 million, a PE ratio of 20.44 and a beta of 1.32.
Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Old Second Bancorp had a return on equity of 9.73% and a net margin of 16.00%. The company had revenue of $24.73 million during the quarter, compared to the consensus estimate of $22.60 million. Equities analysts anticipate that Old Second Bancorp will post $0.70 EPS for the current fiscal year.
In other news, CFO Bradley S. Adams bought 41,800 shares of Old Second Bancorp stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $11.89 per share, with a total value of $497,002.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Bonifas bought 2,500 shares of Old Second Bancorp stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $11.60 per share, with a total value of $29,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 52,866 shares of company stock valued at $625,570 over the last three months. Company insiders own 3.60% of the company’s stock.
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About Old Second Bancorp
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