OneSavings Bank PLC (OSB) Receives Consensus Rating of “Buy” from Analysts

OneSavings Bank PLC (LON:OSB) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 492.50 ($6.44).

Several brokerages have commented on OSB. Peel Hunt restated a “buy” rating on shares of OneSavings Bank in a research note on Wednesday, May 15th. Numis Securities cut shares of OneSavings Bank to an “add” rating and set a GBX 475 ($6.21) price objective for the company. in a research note on Wednesday, May 15th. Jefferies Financial Group restated a “buy” rating on shares of OneSavings Bank in a research note on Tuesday, April 9th. Royal Bank of Canada restated an “outperform” rating and set a GBX 510 ($6.66) price objective on shares of OneSavings Bank in a research note on Tuesday, February 5th. Finally, Barclays restated an “under review” rating on shares of OneSavings Bank in a research note on Tuesday, March 12th.

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

LON:OSB traded up GBX 0.40 ($0.01) during trading hours on Thursday, hitting GBX 414.20 ($5.41). 512,878 shares of the company were exchanged, compared to its average volume of 853,038. The company has a market cap of $1.02 billion and a PE ratio of 7.53. OneSavings Bank has a 52-week low of GBX 327.40 ($4.28) and a 52-week high of GBX 458.80 ($6.00).

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

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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Analyst Recommendations for OneSavings Bank (LON:OSB)

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