Old Second Bancorp Inc. (OSBC) Sees Strong Trading Volume
Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) saw strong trading volume on Tuesday . 63,614 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 61,755 shares.The stock last traded at $6.93 and had previously closed at $6.70.
Separately, Zacks Investment Research lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The company has a market capitalization of $208.36 million and a PE ratio of 14.69. The company has a 50-day moving average price of $7.02 and a 200-day moving average price of $7.02.
Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. On average, equities research analysts anticipate that Old Second Bancorp Inc. will post $0.50 EPS for the current fiscal year.
In other news, CEO James Eccher acquired 10,000 shares of Old Second Bancorp stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average cost of $7.08 per share, with a total value of $70,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
An institutional investor recently bought a new position in Old Second Bancorp stock. EAM Investors LLC acquired a new stake in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 230,839 shares of the financial services provider’s stock, valued at approximately $1,810,000. EAM Investors LLC owned 0.78% of Old Second Bancorp at the end of the most recent reporting period.
Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.