Time to Sell Old Second Bancorp, Inc. (OSBC) After The Completion of This Ascending Triangle Chart Pattern?

May 16, 2018 - By Ellis Scott

Old Second Bancorp, Inc. (NASDAQ:OSBC) Logo

Investors sentiment decreased to 1.97 in 2017 Q4. Its down 0.28, from 2.25 in 2017Q3. It fall, as 4 investors sold Old Second Bancorp, Inc. shares while 28 reduced holdings. 22 funds opened positions while 41 raised stakes. 19.92 million shares or 0.92% more from 19.74 million shares in 2017Q3 were reported.
11,764 were accumulated by Stone Ridge Asset Limited Liability Co. Federated Invsts Pa reported 37,845 shares. New York State Common Retirement Fund holds 0% of its portfolio in Old Second Bancorp, Inc. (NASDAQ:OSBC) for 61,507 shares. 16,541 were accumulated by Art Ltd Liability Com. Schwab Charles Investment Management reported 0% of its portfolio in Old Second Bancorp, Inc. (NASDAQ:OSBC). California Pub Employees Retirement reported 0% in Old Second Bancorp, Inc. (NASDAQ:OSBC). Mckinley Llc Delaware accumulated 0.09% or 126,391 shares. State Street Corporation reported 0% of its portfolio in Old Second Bancorp, Inc. (NASDAQ:OSBC). Connor Clark & Lunn Investment Mngmt Ltd stated it has 0% in Old Second Bancorp, Inc. (NASDAQ:OSBC). Maltese Capital Mgmt Lc holds 365,300 shares. Citigroup stated it has 10,058 shares. Moreover, Numeric Invsts Limited has 0.01% invested in Old Second Bancorp, Inc. (NASDAQ:OSBC) for 73,941 shares. Voya Invest Mgmt Ltd Co invested in 22,634 shares or 0% of the stock. Parametric Associate Ltd Liability Corp reported 56,261 shares. Legal And General Gp Public Limited Liability Co invested 0% of its portfolio in Old Second Bancorp, Inc. (NASDAQ:OSBC).

Since January 29, 2018, it had 2 buys, and 10 selling transactions for $216,006 activity. Shares for $14,250 were bought by Tapscott James F on Thursday, February 1. 5,708 shares valued at $83,081 were sold by SKOGLUND WILLIAM B on Friday, March 9.

The stock of Old Second Bancorp, Inc. (OSBC) formed an ascending triangle with $13.47 target or 9.00 % below today’s $14.80 share price. The 9 months triangle pattern indicates high risk for the $440.26 million company. If the $13.47 price target is reached, the company will be worth $39.62 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.72% or $0.25 during the last trading session, reaching $14.8. About 35,621 shares traded. Old Second Bancorp, Inc. (NASDAQ:OSBC) has risen 35.44% since May 16, 2017 and is uptrending. It has outperformed by 23.89% the S&P500.

Old Second Bancorp, Inc. (NASDAQ:OSBC) Ratings Coverage

Among 3 analysts covering Old Second Bancorp (NASDAQ:OSBC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Old Second Bancorp had 5 analyst reports since December 14, 2017 according to SRatingsIntel. The stock of Old Second Bancorp, Inc. (NASDAQ:OSBC) has “Buy” rating given on Tuesday, January 2 by Keefe Bruyette & Woods. The company was upgraded on Thursday, December 14 by Sandler O’Neill. The stock of Old Second Bancorp, Inc. (NASDAQ:OSBC) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Wednesday, January 3 the stock rating was upgraded by Wood to “Outperform”. Keefe Bruyette & Woods maintained it with “Buy” rating and $17.5 target in Monday, February 26 report.

Another recent and important Old Second Bancorp, Inc. (NASDAQ:OSBC) news was published by Nasdaq.com which published an article titled: “Market Trends Toward New Normal in LRAD, Xencor, QuinStreet, Old Second, WesBanco, and Invitae — Emerging …” on May 04, 2018.

Old Second Bancorp, Inc. operates as a bank holding firm for Old Second National Bank that provides a range of banking services. The company has market cap of $440.26 million. The firm accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts. It has a 29.6 P/E ratio. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business makes, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.

Old Second Bancorp, Inc. (NASDAQ:OSBC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...