Notable Stock News to Watch: Old Second Bancorp (NASDAQ:OSBC)

Old Second Bancorp (NASDAQ:OSBC) spotted trading -37.25% off 52-week high price. On the other end, the stock has been noted 44.97% away from the low price over the last 52-weeks. The stock changed -1.37% to recent value of $8.64. The stock transacted 45184 shares during most recent day however it has an average volume of 69.37K shares. The company has 29.64M of outstanding shares and 27.49M shares were floated in the market.  

On Oct. 19, 2020, Old Second Bancorp (NASDAQ:OSBC) the holding company for Old Second National Bank (the Bank), released that it has increased the size of the Board of Directors to 13 members and appointed Billy J. Lyons, Jr. and Jill E. York to the Board, effective October 19, 2020. Mr. Lyons and Ms. York were also appointed to the Board of Directors of the Bank.

William Skoglund, Chairman of the Board of Old Second, commented: I am pleased to welcome Billy and Jill to our Board and look forward to working with them.  They both bring considerable experience in the financial services industry and broad knowledge of both the risks and opportunities that will confront Old Second in the years ahead.  We are confident that the addition of Billy and Jill will provide valuable perspective and enhance the diversity of experiences and viewpoints on the Board as we continue to execute on our strategies to drive growth and enhance value for our stockholders.

Mr. Lyons brings extensive bank regulatory and bank supervision experience having served for over 30 years with the Office of the Comptroller of the Currency, most recently as a National Bank Examiner, before his retirement in December 2019.  Mr. Lyons was appointed as a Class I director for a term expiring in 2023 and will serve on the Risk Committee and Loan Committee of the Bank’s Board of Directors.

 Its earnings per share (EPS) expected to touch remained 15.60% for this year while earning per share for the next 5-years is expected to reach at 7.00%. OSBC has an operating margin of 84.00% while its profit margin remained 28.30% for the last 12 months. 

The price moved ahead of 7.24% from the mean of 20 days, 5.21% from mean of 50 days SMA and performed -1.17% from mean of 200 days price. Company’s performance for the week was 0.70%, 4.60% for month and YTD performance remained -35.86%.

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