Old Second Bancorp Gains Nearly 6% Weekly, Earnings Estimate Raised
Old Second Bancorp shares have gained 5.98% over the past week and 6.67% monthly, outperforming Midwest banking peers, with 20-day average volume of 358,388 shares. The bank holds an A momentum style score, a #2 Buy ranking, and its full-year earnings estimate rose from $2.15 to $2.20.
1. Strong Price Momentum
Old Second Bancorp shares have risen 5.98% over the past week and 6.67% in the past month, outpacing the Midwest banking industry by over 2 percentage points. The stock is up 5.39% in the past quarter and 42.35% over the last year compared with broader market declines.
2. Trading Volume Trends
Average daily volume over the last 20 trading days reached 358,388 shares, signaling increased investor interest. This surge in volume supports the price advance and underscores potential for sustained momentum.
3. Earnings Estimate Revisions
Analysts have lifted the full-year earnings estimate from $2.15 to $2.20 over the past two months, with no downward changes recorded. Forecasts for the next fiscal year have also been revised upward, indicating growing confidence in future profitability.
4. Momentum Score and Ranking
The bank holds an A-grade momentum style score and a #2 Buy ranking, reflecting robust price trends and positive estimate revisions. These metrics highlight Old Second Bancorp’s alignment with momentum investing strategies.