Old Second Bancorp Inc.’s recently made public that its VICE CHAIRMAN COLLINS GARY S acquired Company’s shares for reported $14432.0 on Dec 16. In the deal valued at $16.04 per share,900 shares were bought. As a result of this transaction, COLLINS GARY S now holds 127,757 shares worth roughly $ 1.92 million.
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Then, COLLINS GARY S bought 1,000 shares, generating $13,350 in total proceeds. Upon buying the shares at $13.35, the VICE CHAIRMAN now owns 126,857 shares.
Stephens initiated its Old Second Bancorp Inc. [OSBC] rating to an Overweight in a research note published on Friday, April 05, 2023; the price target was $18. PT values the company’s stock at a premium of 16.44 to its Friday closing price.
Price Performance Review of OSBC
On Friday, Old Second Bancorp Inc. [NASDAQ:OSBC] saw its stock jump 3.94% to $15.04. On the same session, the stock had its day’s lowest price of $14.54, but rose to a high of $15.11. Over the last five days, the stock has gained 4.81%. Old Second Bancorp Inc. shares have fallen nearly -6.23% since the year began. Nevertheless, the stocks have risen 9.62% over the past one year. While a 52-week high of $17.80 was reached on 02/06/23, a 52-week low of $10.79 was recorded on 05/04/23. SMA at 50 days reached $14.69, while 200 days put it at $14.87. A total of 91165.0 shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For OSBC Stock
The 24-hour chart illustrates a support level at 14.68, which if violated will result in even more drops to 14.33. On the upside, there is a resistance level at 15.25. A further resistance level may holdings at 15.47. The Relative Strength Index (RSI) on the 14-day chart is 53.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.17%. Stochastics %K at 42.30% indicates the stock is a holding.
How much short interest is there in Old Second Bancorp Inc.?
A steep rise in short interest was recorded in Old Second Bancorp Inc. stocks on Aug 14, 2023, dropping by 54210.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.5 million shares. There was a decline of -12.21%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.6.
Old Second Bancorp Inc. [OSBC] – Who Are The Largest Shareholders?
In filings from Forum Financial Management LP, it is revealed that the company now owns 2,966,880 shares, or roughly 6.64% of the outstanding OSBC shares. In other words, the investor’s shares have risen by 15,817 from its previous 13-F filing of 2951063.0. Additionally, BlackRock Fund Advisors increased 3.30% of its stake after which the total value it holdings stand at $47,340,698, while FJ Capital Management LLC added 1.97% of its stake to hold $41.41 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 37,737 shares of Old Second Bancorp Inc., while The Banc Funds Co LLC bought 0 shares. At present, SSgA Funds Management, Inc. is holding 1,124,787 shares valued at $17.99 million. Dimensional Fund Advisors LP owned 1,008,919 shares of the company at the time of its most recent 13F filing, worth $16.13 million.