Old Second Bancorporation Inc. (NASDAQ: OSBC) is 10.30% higher on its value in year-to-date trading and has touched a low of $13.00 and a high of $17.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OSBC stock was last observed hovering at around $16.98 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $17.03, the stock is 7.33% and 8.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.29% at the moment leaves the stock 16.47% off its SMA200. OSBC registered 19.01% gain for a year compared to 6-month gain of 27.37%.
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The stock witnessed a 5.12% loss in the last 1 month and extending the period to 3 months gives it a 17.77%, and is 3.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.75% over the month.
Old Second Bancorporation Inc. (OSBC) has around 834 employees, a market worth around $763.80M and $334.73M in sales. Current P/E ratio is 9.04 and Fwd P/E is 9.15. Profit margin for the company is 25.62%. Distance from 52-week low is 31.00% and -2.46% from its 52-week high. The company has generated returns on investments over the last 12 months (12.17%).
The EPS is expected to shrink by -5.78% this year.
Old Second Bancorporation Inc. (OSBC) Top Institutional Holders
212.0 institutions hold shares in Old Second Bancorporation Inc. (OSBC), with institutional investors hold 75.20% of the company’s shares. The shares outstanding are 44.70M, and float is at 40.82M with Short Float at 1.55%. Institutions hold 71.61% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.44 million shares valued at $50.9 million. The investor’s holdings represent 7.6786% of the OSBC Shares outstanding. As of 2024-06-30, the second largest holder is FORUM FINANCIAL MANAGEMENT, LP with 2.7 million shares valued at $$39.97 million to account for 6.0301 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.34 million shares representing 5.2323% and valued at over $34.68 million, while BANC FUNDS CO LLC holds 4.4141 of the shares totaling 1.98 million with a market value of $29.26 million.
Old Second Bancorporation Inc. (OSBC) Insider Activity
The most recent transaction is an insider purchase by Lyons Billy J Jr.,the company’sDirector. SEC filings show that Lyons Billy J Jr. bought 23 shares of the company’s common stock on Aug 05 ’24 at a price of $14.86 per share for a total of $342.0. Following the purchase, the insider now owns 13767.0 shares.
Old Second Bancorporation Inc. disclosed in a document filed with the SEC on Jul 22 ’24 that Ladowicz John (Director) sold a total of 30,585 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $16.22 per share for $0.5 million. Following the transaction, the insider now directly holds 0.19 million shares of the OSBC stock.
Still, SEC filings show that on May 08 ’24, COLLINS GARY S (VICE CHAIRMAN) disposed off 21,002 shares at an average price of $14.23 for $0.3 million. The insider now directly holds 46,624 shares of Old Second Bancorporation Inc. (OSBC).
