Old Second Bancorp (NASDAQ:OSBC) Getting Somewhat Positive Press Coverage, Study Shows
Media headlines about Old Second Bancorp (NASDAQ:OSBC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old Second Bancorp earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.873050300831 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Old Second Bancorp (NASDAQ OSBC) traded down 0.44% during trading on Friday, hitting $11.25. 79,764 shares of the stock were exchanged. The stock has a 50 day moving average of $11.66 and a 200-day moving average of $11.39. Old Second Bancorp has a 52 week low of $7.36 and a 52 week high of $12.75. The stock has a market cap of $333.30 million, a P/E ratio of 18.15 and a beta of 1.31.
The business also recently announced a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, July 26th.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.50 price objective on shares of Old Second Bancorp in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Old Second Bancorp presently has an average rating of “Buy” and an average price target of $12.25.
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In related news, Director Edward Bonifas bought 2,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $11.60 per share, with a total value of $29,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bradley S. Adams bought 41,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were bought at an average cost of $11.89 per share, for a total transaction of $497,002.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 49,616 shares of company stock worth $586,858 and have sold 12,000 shares worth $143,660. Insiders own 3.60% of the company’s stock.
About Old Second Bancorp
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