DA Davidson has recently reduced Old Second Bancorp Inc (OSBC) stock to Neutral rating, as announced on September 25, 2024, according to Finviz. Earlier, on September 17, 2024, Raymond James had reduced the stock from a Strong Buy to Outperform, setting a price target of $18 for OSBC stock. Raymond James also raised Strong Buy rating with a price target of $17. Additionally, Stephens initiated Overweight rating on April 5, 2023, with a target price of $18. DA Davidson analysts, in their report published on March 21, 2022, also raised Buy rating and set a price target of $22 for Old Second Bancorp Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Old Second Bancorp Inc (OSBC) Stock Trading Recap
On Wednesday, Old Second Bancorp Inc (OSBC) stock saw a modest uptick, ending the day at $16.9 which represents a slight increase of $0.21 or 1.26% from the prior close of $16.69. The stock opened at $16.66 and touched a low of $16.34 during the day, reaching a high of $17.11. The volume of shares traded was 0.86 million exceeding the average volume of 0.28 million.
OSBC Stock Performance and Moving Averages
In recent trading, Old Second Bancorp Inc (OSBC) stock price has shown some volatility, fluctuating 1.68% over the last five trades and 12.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 22.11%, and it has gained 4.32% in the previous three months. Currently, OSBC is trading at 5.55%, 4.36%, and 13.93% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, OSBC, a Financial sector stock, is trading -3.21% below its 52-week high but remains 30.00% above its 52-week low. The Average True Range (ATR) (14 days) of 0.47 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Old Second Bancorp Inc’s Profitability and Valuation Ratios
Old Second Bancorp Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 33.40% and a profit margin of 25.04%, with a gross margin of 22.11%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Old Second Bancorp Inc’s market capitalization stands at $757.96 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 9.04, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.28. Additionally, the Price-to-Sales Ratio is 2.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.15, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 8.24% of Old Second Bancorp Inc (OSBC)’s shares, while financial institutions hold 61.73%.
Notable insider trades include Ladowicz John, Director at Old Second Bancorp Inc (OSBC), who sold 30585 shares on Jul 22 ’24, at $16.22 each, totaling $0.50 million. On May 08 ’24, COLLINS GARY S, VICE CHAIRMAN, sold 21002 shares for $14.23 each, amounting to $0.30 million. Additionally, on Apr 23 ’24, COLLINS GARY S sold 22267 shares at $14.57 each, generating $0.32 million.