Old Second Bancorp (OSBC) Receives Daily News Impact Rating of 0.16
Media headlines about Old Second Bancorp (NASDAQ:OSBC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old Second Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.2736195585099 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Old Second Bancorp (NASDAQ:OSBC) traded up 1.36% on Wednesday, hitting $11.15. 46,271 shares of the stock were exchanged. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $11.47. Old Second Bancorp has a 1-year low of $7.45 and a 1-year high of $12.75. The stock has a market cap of $330.34 million, a price-to-earnings ratio of 17.98 and a beta of 1.33.
The company also recently announced a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were issued a $0.01 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. Old Second Bancorp’s dividend payout ratio is currently 6.45%.
A number of brokerages have recently commented on OSBC. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price objective on shares of Old Second Bancorp in a research report on Friday, July 14th. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, August 2nd. DA Davidson began coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective for the company. BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.50.
In other news, Director William Kane sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $11.98, for a total value of $119,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Bonifas bought 3,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 12,000 shares of company stock valued at $143,660. 3.60% of the stock is currently owned by corporate insiders.
About Old Second Bancorp
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