Old Second Bancorp, Inc. (NASDAQ:OSBC) Stock Closed 9.7% Above Its 50 Day Average


Shares of the company are trading at $13.90 which is just over $12.67, the 50 day moving average and significantly above the 200 day moving average of $11.91. The 50 day moving average went up $1.23 or +9.71% and the 200 day average went up by +16.72%. Old Second Bancorp, Inc. shares had a trading volume of 2,338 in the last trading session. Volume was down 95.95% under the stocks average daily volume.

Traders are feeling more bullish on shares of Old Second Bancorp, Inc. recently looking at the downtick in short interest. The firm realized a fall in short interest of -4.19% between September 15, 2017 and September 29, 2017. Short interest fell from 466,198 to 446,684 over that period. Days to cover decreased -3.0 to 3.0 and the short interest percentage is 0.02% as of September 29.

Here is a rundown on some insider market activity for Old Second Bancorp, Inc. (NASDAQ:OSBC). John Ladowicz, Director disclosed the sale of 8,450 shares of OSBC stock. The shares were purchased at an average price of $12.11. The Director now owns $3,053,863 of the stock according to the SEC filing. CEO William B. Skoglund sold 700 shares at an average price of $12.18 on September 20th. The CEO now owns $689,839 of the stock per an SEC filing yesterday.

William B. Skoglund, CEO disclosed the sale of 5,450 shares of (OSBC). The shares were sold on September 19th for an average price of $12.13. Skoglund now owns $717,332 of the stock per the Form 4 SEC filing.

Here are a few substantial investment firms who have updated their positions. As of quarter end Ubs Group Ag had sold a total of 84 shares trimming its stake by 5.1%. The value in dollars decreased from $19,000 to $18,000 a change of 5.3% quarter over quarter. Fj Capital Management LLC trimmed its position by shedding 22,800 shares a decrease of 3.1%. Fj Capital Management LLC owns 710,800 shares with a value of $8,210,000. The total value of its holdings decreased 0.5%.

As of the end of the quarter Lodestar Investment Counsel LLC/il had acquired 4,000 shares growing its holdings by 40.0%. The value of the investment in (OSBC) went from $115,000 to $188,000 increasing 63.5% quarter to quarter. As of quarter end Meeder Asset Management Inc had bought a total of 948 shares growing its position 105.3%. The value of the investment in Old Second Bancorp, Inc. increased from $10,000 to $25,000 a change of $15,000 for the reporting period.

On September 1 analysts at DA Davidson starting coverage on the stock setting a rating of “Neutral”.

The company is now down since yesterday’s close of 14.25. Additionally Old Second Bancorp, Inc. recently announced a dividend for shareholders to be paid on Monday November 6th, 2017. The dividend will be $0.010 per share for the quarter which comes to $0.04 on an annualized basis. This dividend represents a yield of $0.29 which is the dividend as a percentage of the current share price. The ex-dividend date will be Wednesday July 26th, 2017.

The most current P/E ratio is 22.42 and the market cap of the company is 411.82M. In the last earnings report the EPS was $0.62 and is projected to be $0.81 for the current year with 29,627,000 shares outstanding. Next quarter’s EPS is expected be $0.20 with next year’s EPS projected to be $0.87.

Old Second Bancorp, Inc., launched on September 18, 1981, is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, L.L.C. The Bank’s subsidiary is River Street Advisors, LLC. The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal (NOW), money market, savings, time deposit and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations; trust services; wealth management services, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards and other special services. The Bank’s lending activities include making commercial and consumer loans. Commercial lending focuses on business, capital, construction, inventory and real estate lending. Installment lending includes direct and indirect loans to consumers and commercial customers..