Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Old Second Bancorp (OSBC) Share Price

News articles about Old Second Bancorp (NASDAQ:OSBC) have trended somewhat positive on Monday, according to Accern. The research firm scores the sentiment of press coverage by reviewing 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 nearest to one being the most favorable. Old Second Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5206241370054 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

A number of equities research analysts have recently issued reports on OSBC shares. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 price target on shares of Old Second Bancorp in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.17.

Shares of Old Second Bancorp (NASDAQ OSBC) traded up 2.97% on Monday, reaching $12.15. The company had a trading volume of 112,185 shares. The firm has a market capitalization of $359.97 million, a price-to-earnings ratio of 19.60 and a beta of 1.33. Old Second Bancorp has a 1-year low of $7.45 and a 1-year high of $12.75. The firm has a 50-day moving average price of $11.47 and a 200 day moving average price of $11.48.

In related news, Director Edward Bonifas acquired 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $11.58 per share, for a total transaction of $34,740.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Kane sold 10,000 shares of Old Second Bancorp stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $11.98, for a total value of $119,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 5,550 shares of company stock valued at $62,594 and have sold 12,000 shares valued at $143,660. Insiders own 3.60% of the company’s stock.

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