Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Old Second Bancorp (OSBC) Share Price
News headlines about Old Second Bancorp (NASDAQ:OSBC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Second Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.8895495716649 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Old Second Bancorp, Inc. (OSBC) Director John Ladowicz Sells 8,450 Shares (americanbankingnews.com)
- William B. Skoglund Sells 5,450 Shares of Old Second Bancorp, Inc. (OSBC) Stock (americanbankingnews.com)
- Old Second Bancorp, Inc. (OSBC) Director Sells $125,752.50 in Stock (americanbankingnews.com)
- Old Second Bancorp, Inc. :OSBC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 19, 2017 (finance.yahoo.com)
- Old Second Bancorp, Inc. (OSBC) CEO Sells $46,700.50 in Stock (americanbankingnews.com)
Old Second Bancorp (NASDAQ:OSBC) traded down 0.40% during mid-day trading on Friday, reaching $12.50. 95,540 shares of the company’s stock traded hands. The company has a 50-day moving average of $11.49 and a 200-day moving average of $11.50. Old Second Bancorp has a 52-week low of $7.45 and a 52-week high of $12.75. The company has a market capitalization of $370.34 million, a price-to-earnings ratio of 20.16 and a beta of 1.33.
Several analysts have commented on OSBC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 target price on shares of Old Second Bancorp in a research note on Thursday, June 1st. ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.17.
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In related news, Director Edward Bonifas acquired 3,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $11.58 per share, for a total transaction of $34,740.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Kane sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $11.98, for a total transaction of $119,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 5,550 shares of company stock valued at $62,594 and sold 50,350 shares valued at $609,088. 3.60% of the stock is currently owned by corporate insiders.
About Old Second Bancorp
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