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OSB Group (LON:OSB) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

OSB Group logo with Financial Services background

OSB Group Plc (LON:OSB - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 450.80 ($6.07) and traded as high as GBX 494.40 ($6.65). OSB Group shares last traded at GBX 486 ($6.54), with a volume of 572,261 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a "buy" rating on shares of OSB Group in a research note on Wednesday, April 30th.

Check Out Our Latest Report on OSB Group

OSB Group Stock Up 0.3%

The stock has a market cap of £1.80 billion, a P/E ratio of 4.87 and a beta of 1.41. The business's 50-day simple moving average is GBX 452.15 and its two-hundred day simple moving average is GBX 423.43.

OSB Group (LON:OSB - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported GBX 82.20 ($1.11) earnings per share for the quarter. OSB Group had a net margin of 27.26% and a return on equity of 18.78%. Analysts anticipate that OSB Group Plc will post 85.1214128 earnings per share for the current fiscal year.

OSB Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 3rd were given a dividend of GBX 22.90 ($0.31) per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a yield of 4.99%. OSB Group's dividend payout ratio is presently 32.89%.

Insiders Place Their Bets

In other news, insider Victoria Hyde sold 1,137 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of GBX 455 ($6.12), for a total value of £5,173.35 ($6,960.91). Also, insider Andy Golding sold 12,143 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of GBX 427 ($5.75), for a total value of £51,850.61 ($69,766.70). Insiders sold 297,587 shares of company stock worth $142,571,539 over the last quarter. 0.85% of the stock is currently owned by company insiders.

About OSB Group

(Get Free Report)

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.

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