Shore Capital Reiterates Buy Rating for OneSavings Bank (LON:OSB)

Shore Capital restated their buy rating on shares of OneSavings Bank (LON:OSB) in a research report sent to investors on Thursday, March 15th.

OSB has been the subject of a number of other reports. Credit Suisse Group upped their price target on shares of OneSavings Bank from GBX 460 ($6.46) to GBX 490 ($6.88) and gave the company an outperform rating in a report on Tuesday, March 6th. Citigroup reaffirmed a buy rating on shares of OneSavings Bank in a report on Wednesday, January 10th. Liberum Capital reaffirmed a buy rating and set a GBX 482 ($6.77) price objective on shares of OneSavings Bank in a report on Friday, December 8th. Finally, Peel Hunt reaffirmed an add rating and set a GBX 445 ($6.25) price objective on shares of OneSavings Bank in a report on Monday, November 20th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. OneSavings Bank presently has an average rating of Buy and an average target price of GBX 471.27 ($6.62).

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Shares of LON:OSB traded down GBX 1.40 ($0.02) on Thursday, reaching GBX 371.60 ($5.22). 282,130 shares of the company traded hands, compared to its average volume of 853,038. OneSavings Bank has a fifty-two week low of GBX 361.70 ($5.08) and a fifty-two week high of GBX 477.97 ($6.71).

OneSavings Bank (LON:OSB) last announced its quarterly earnings data on Thursday, March 15th. The company reported GBX 51.10 ($0.72) EPS for the quarter, beating analysts’ consensus estimates of GBX 48.40 ($0.68) by GBX 2.70 ($0.04). OneSavings Bank had a return on equity of 25.09% and a net margin of 50.47%. The company had revenue of £245.40 million during the quarter.

The business also recently declared a dividend, which will be paid on Wednesday, May 16th. Investors of record on Thursday, March 22nd will be issued a GBX 9.30 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 2.47%. This is a positive change from OneSavings Bank’s previous dividend of $3.50.

In related news, insider April Talintyre sold 84,333 shares of the firm’s stock in a transaction that occurred on Sunday, March 18th. The shares were sold at an average price of GBX 219 ($3.07), for a total value of £184,689.27 ($259,249.40).

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About OneSavings Bank

OneSavings Bank plc (OSB) is a United Kingdom-based lending and retail savings company. The Company operates through three segments: Buy-to-Let/SME, Residential Mortgages and Personal Loans. The Company provides Buy-to-Let mortgages secured on residential property held for investment purposes by experienced and professional landlords and commercial mortgages secured on commercial and semicommercial properties held for investment purposes or for owner occupation.

Analyst Recommendations for OneSavings Bank (LON:OSB)

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