The price-to-earnings ratio for Old Second Bancorporation Inc. (NASDAQ: OSBC) is 9.12x, which is above its average ratio. Moreover, the 36-month beta value for OSBC is 1.07. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for OSBC is 41.15M and currently, short sellers hold a 2.23% of that float. On October 18, 2024, OSBC’s average trading volume was 286.53K shares.
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OSBC) stock’s latest price update
The stock of Old Second Bancorporation Inc. (NASDAQ: OSBC) has increased by 5.71 when compared to last closing price of 16.12.Despite this, the company has seen a gain of 12.48% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-17 that Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Corporate Participants Jim Eccher – Chairman, President and Chief Executive Officer Brad Adams – Chief Operating Officer and Chief Financial Officer Conference Call Participants Terry McEvoy – Stephens Chris McGratty – KBW Nathan Race – Piper Sandler David Long – Raymond James Martin Friedman – FJ Capital Jeff Rulis – D.A. Davidson Brian Martin – Janney Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp Incorporated’s Third Quarter 2024 Earnings Call.
OSBC’s Market Performance
OSBC’s stock has risen by 12.48% in the past week, with a monthly rise of 2.59% and a quarterly rise of 4.16%. The volatility ratio for the week is 3.14% while the volatility levels for the last 30 days are 2.57% for Old Second Bancorporation Inc. The simple moving average for the past 20 days is 9.72% for OSBC’s stock, with a 15.39% simple moving average for the past 200 days.
Analysts’ Opinion of OSBC
Many brokerage firms have already submitted their reports for OSBC stocks, with DA Davidson repeating the rating for OSBC by listing it as a “Neutral.” The predicted price for OSBC in the upcoming period, according to DA Davidson is $17 based on the research report published on September 25, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see OSBC reach a price target of $18, previously predicting the price at $19. The rating they have provided for OSBC stocks is “Outperform” according to the report published on September 17th, 2024.
Raymond James gave a rating of “Strong Buy” to OSBC, setting the target price at $17 in the report published on April 04th of the current year.
OSBC Trading at 6.42% from the 50-Day Moving Average
After a stumble in the market that brought OSBC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.41% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 3.14%, as shares surge +1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.74% upper at present.
During the last 5 trading sessions, OSBC rose by +12.48%, which changed the moving average for the period of 200-days by +11.15% in comparison to the 20-day moving average, which settled at $15.53. In addition, Old Second Bancorporation Inc. saw 10.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OSBC starting from Lyons Billy J Jr., who purchase 23 shares at the price of $14.86 back on Aug 05 ’24. After this action, Lyons Billy J Jr. now owns 13,767 shares of Old Second Bancorporation Inc., valued at $342 using the latest closing price.
Ladowicz John, the Director of Old Second Bancorporation Inc., sale 30,585 shares at $16.22 during a trade that took place back on Jul 22 ’24, which means that Ladowicz John is holding 189,192 shares at $496,018 based on the most recent closing price.
Stock Fundamentals for OSBC
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.84 for the gross margin
The net margin for Old Second Bancorporation Inc. stands at 0.28. The total capital return value is set at 0.0. Equity return is now at value 14.13, with 1.48 for asset returns.
Based on Old Second Bancorporation Inc. (OSBC), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 0.51.
Currently, EBITDA for the company is 2.46 million with net debt to EBITDA at 2.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
To wrap up, the performance of Old Second Bancorporation Inc. (OSBC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
