Shares of OneSavings Bank PLC (LON:OSB) have received an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 491.38 ($6.40).
A number of research firms have weighed in on OSB. Numis Securities raised OneSavings Bank to an “add” rating and lifted their price objective for the company from GBX 398 ($5.18) to GBX 470 ($6.12) in a report on Tuesday, July 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 470 ($6.12) price objective on shares of OneSavings Bank in a report on Friday, August 17th. Shore Capital reaffirmed a “buy” rating on shares of OneSavings Bank in a report on Wednesday, September 5th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 520 ($6.77) price objective (up from GBX 495 ($6.45)) on shares of OneSavings Bank in a report on Thursday, August 23rd.
OSB traded down GBX 6.20 ($0.08) on Wednesday, hitting GBX 382.20 ($4.98). 262,716 shares of the stock traded hands, compared to its average volume of 853,038. OneSavings Bank has a 52 week low of GBX 361.70 ($4.71) and a 52 week high of GBX 477.97 ($6.23).
OneSavings Bank (LON:OSB) last issued its quarterly earnings results on Thursday, August 23rd. The company reported GBX 27.30 ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 27.60 ($0.36) by GBX (0.30) ($0.00). OneSavings Bank had a net margin of 50.47% and a return on equity of 25.09%.
The firm also recently announced a dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, October 11th will be issued a GBX 4.30 ($0.06) dividend. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, October 11th.
In other news, insider April Talintyre sold 164,708 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of GBX 409 ($5.33), for a total value of £673,655.72 ($877,498.66).
About OneSavings Bank
OneSavings Bank Plc operates as a specialist lender and retail savings company in the United Kingdom and the Channel Islands. The company operates through two segments, Buy-to-Let/SME and Residential Mortgages. It offers fixed, notice, easy access, and regular savings products, including ISAs. The company also provides buy to let and commercial mortgages, as well as development loans to small and medium sized developers of residential property; first charge, second charge, and shared ownership residential mortgage loans; and personal and secured loans, as well as funding lines to non-bank finance companies secured against portfolios of financial assets, principally mortgages and leases.
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