Andy Golding Sells 73,845 Shares of OneSavings Bank PLC (LON:OSB) Stock

OneSavings Bank PLC (LON:OSB) insider Andy Golding sold 73,845 shares of OneSavings Bank stock in a transaction on Thursday, March 19th. The shares were sold at an average price of GBX 172 ($2.26), for a total value of £127,013.40 ($167,078.93).

Shares of LON OSB opened at GBX 219.80 ($2.89) on Wednesday. The business has a fifty day simple moving average of GBX 366.89 and a two-hundred day simple moving average of GBX 383.48. The firm has a market cap of $979.08 million and a PE ratio of 4.15. OneSavings Bank PLC has a twelve month low of GBX 275.80 ($3.63) and a twelve month high of GBX 461 ($6.06).

The company also recently announced a dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Thursday, March 26th will be given a dividend of GBX 11.20 ($0.15) per share. The ex-dividend date of this dividend is Thursday, March 26th. This is a positive change from OneSavings Bank’s previous dividend of $4.90. This represents a yield of 5.6%. OneSavings Bank’s payout ratio is 0.28%.

A number of equities research analysts have weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of OneSavings Bank in a research report on Thursday, March 19th. Barclays reaffirmed an “overweight” rating and set a GBX 400 ($5.26) target price (down from GBX 530 ($6.97)) on shares of OneSavings Bank in a research report on Friday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of OneSavings Bank in a research report on Tuesday, March 17th. Finally, Peel Hunt lowered OneSavings Bank to a “hold” rating and decreased their target price for the company from GBX 470 ($6.18) to GBX 211 ($2.78) in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 399 ($5.25).

OneSavings Bank Company Profile

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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