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Old Second Bancorp (OSBC) Catches Eye: Stock Jumps 6.6%

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Old Second Bancorp, Inc. (OSBC - Free Report) was a big mover last session, as the company saw its shares nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $12.50–$13.90 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company agreed to acquire Greater Chicago Financial Corp. and its wholly-owned bank subsidiary, ABC Bank, in an all cash transaction.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Old Second Bancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Banks - Midwest industry is Park National Corporation (PRK - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is OSBC going up? Or down? Predict to see what others think: Up or Down

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