Old Second Bancorp (OSBC) Is Up 0.24% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Old Second Bancorp (OSBC) - OSBC currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4] - The stock has shown significant price appreciation, with a 19.67% increase over the past quarter and a 19.51% increase over the last year, outperforming the S&P 500's gains of 8.73% and 13.86% respectively [7] Price Performance - Over the past week, OSBC shares increased by 0.24%, while the Zacks Banks - Midwest industry saw a decline of 0.11% [6] - The monthly price change for OSBC is 7.01%, compared to the industry's 2.94% performance, indicating strong relative strength [6] Trading Volume - OSBC's average 20-day trading volume is 196,731 shares, which serves as a baseline for price-to-volume analysis; rising prices with above-average volume are typically bullish [8] Earnings Outlook - In the past two months, two earnings estimates for OSBC have been revised upward, increasing the consensus estimate from $1.89 to $1.95 for the full year [10] - For the next fiscal year, one estimate has moved up with no downward revisions, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, OSBC is positioned as a solid momentum pick for investors seeking near-term opportunities [12]