Will Old Second Bancorp, Inc. (OSBC) Short Squeeze Soon? The Stock Formed a Bullish Multiple Top Pattern

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

Investors sentiment increased to 1.83 in Q2 2018. Its up 0.99, from 0.84 in 2018Q1. It increased, as 6 investors sold Old Second Bancorp, Inc. shares while 23 reduced holdings. 13 funds opened positions while 40 raised stakes. 19.92 million shares or 0.70% more from 19.78 million shares in 2018Q1 were reported.
Deutsche Bankshares Ag owns 0% invested in Old Second Bancorp, Inc. (NASDAQ:OSBC) for 210,717 shares. 32,368 were reported by Goldman Sachs Inc. Ameritas Investment Prtnrs owns 0.01% invested in Old Second Bancorp, Inc. (NASDAQ:OSBC) for 12,312 shares. Barclays Plc holds 0% in Old Second Bancorp, Inc. (NASDAQ:OSBC) or 8,684 shares. Adams Diversified Equity Fund accumulated 60,200 shares. The Massachusetts-based Panagora Asset Mngmt has invested 0% in Old Second Bancorp, Inc. (NASDAQ:OSBC). Voya Invest Mgmt Limited Liability Company holds 16,251 shares or 0% of its portfolio. New York-based Prelude Mgmt Limited Liability Corporation has invested 0% in Old Second Bancorp, Inc. (NASDAQ:OSBC). Manchester Cap Ltd Liability Company holds 0.08% in Old Second Bancorp, Inc. (NASDAQ:OSBC) or 34,419 shares. Thomson Horstmann And Bryant Inc holds 1.43M shares or 2.52% of its portfolio. Great West Life Assurance Can reported 0% stake. Bridgeway Management invested 0.02% in Old Second Bancorp, Inc. (NASDAQ:OSBC). Rothschild Il accumulated 55,202 shares. Bowling Port Ltd Llc holds 0.14% or 68,481 shares in its portfolio. State Board Of Administration Of Florida Retirement System owns 34,070 shares.

Since July 30, 2018, it had 2 insider purchases, and 1 insider sale for $15,006 activity. Shares for $23,180 were sold by Gottschalk Keith. $22,863 worth of Old Second Bancorp, Inc. (NASDAQ:OSBC) shares were bought by COLLINS GARY S.

The stock of Old Second Bancorp, Inc. (OSBC) shows a multiple tops pattern with $15.70 target or 7.00 % above today’s $14.67 share price. The 5 months chart pattern indicates low risk for the $436.56M company. It was reported on Dec, 2 by Finviz.com. If the $15.70 price target is reached, the company will be worth $30.56 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.82% or $0.12 during the last trading session, reaching $14.67. About 128,100 shares traded or 22.03% up from the average. Old Second Bancorp, Inc. (NASDAQ:OSBC) has risen 34.21% since December 2, 2017 and is uptrending. It has outperformed by 18.59% the S&P500.

More notable recent Old Second Bancorp, Inc. (NASDAQ:OSBC) news were published by: Nasdaq.com which released: “Old Second Bancorp, Inc. (OSBC) Ex-Dividend Date Scheduled for October 25, 2018 – Nasdaq” on October 24, 2018, also Nasdaq.com with their article: “Associated Banc-Corp Signs Deal With Diversified Insurance – Nasdaq” published on February 20, 2018, Nasdaq.com published: “Societe Generale (SCGLY) to Pay $1.4B Fine for Pending Cases – Nasdaq” on November 20, 2018. More interesting news about Old Second Bancorp, Inc. (NASDAQ:OSBC) were released by: Nasdaq.com and their article: “Here’s Why You Should Buy Navient (NAVI) Stock Right Now – Nasdaq” published on June 27, 2018 as well as Prnewswire.com‘s news article titled: “Old Second Announces Strategic Acquisition Of Greater Chicago Financial Corp. – PR Newswire” with publication date: December 26, 2017.

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 $436.56 million. The firm accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts. It has a 19.51 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

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