OneSavings Bank (OSB) Downgraded to “Add” at Numis Securities

Numis Securities downgraded shares of OneSavings Bank (LON:OSB) to an add rating in a report published on Wednesday morning, Digital Look reports. Numis Securities currently has GBX 475 ($6.21) target price on the stock.

Several other brokerages also recently weighed in on OSB. Barclays restated an under review rating on shares of OneSavings Bank in a report on Tuesday, March 12th. Citigroup restated a buy rating on shares of OneSavings Bank in a report on Tuesday, March 12th. Peel Hunt restated a buy rating on shares of OneSavings Bank in a report on Wednesday. Jefferies Financial Group restated a buy rating on shares of OneSavings Bank in a report on Tuesday, April 9th. Finally, Shore Capital restated a buy rating on shares of OneSavings Bank in a report on Monday, March 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. OneSavings Bank presently has an average rating of Buy and an average price target of GBX 481.67 ($6.29).

Shares of LON:OSB opened at GBX 421.40 ($5.51) on Wednesday. OneSavings Bank has a 1-year low of GBX 327.40 ($4.28) and a 1-year high of GBX 458.80 ($6.00). The firm has a market cap of $1.03 billion and a PE ratio of 7.66.

The business also recently declared a dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, March 21st were issued a dividend of GBX 10.30 ($0.13) per share. The ex-dividend date was Thursday, March 21st. This is an increase from OneSavings Bank’s previous dividend of $4.30. This represents a dividend yield of 2.6%. OneSavings Bank’s dividend payout ratio (DPR) is presently 0.27%.

In other news, insider Andy Golding sold 35,596 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 253 ($3.31), for a total transaction of £90,057.88 ($117,676.57).

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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Analyst Recommendations for OneSavings Bank (LON:OSB)

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