Old Second Bancorp Inc. (NASDAQ:OSBC) CEO James Eccher purchased 1,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $13.48 per share, with a total value of $13,480.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:OSBC opened at $13.38 on Friday. Old Second Bancorp Inc. has a 52 week low of $12.35 and a 52 week high of $16.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $401.88 million, a P/E ratio of 16.52, a PEG ratio of 1.65 and a beta of 0.90.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. Old Second Bancorp had a net margin of 17.04% and a return on equity of 16.05%. The company had revenue of $31.55 million during the quarter, compared to analyst estimates of $32.15 million. Equities research analysts expect that Old Second Bancorp Inc. will post 1.17 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Old Second Bancorp by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,012,294 shares of the financial services provider’s stock worth $31,089,000 after purchasing an additional 35,505 shares in the last quarter. Vanguard Group Inc. raised its holdings in Old Second Bancorp by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,244,642 shares of the financial services provider’s stock worth $19,230,000 after purchasing an additional 15,408 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Old Second Bancorp by 7.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,131,700 shares of the financial services provider’s stock worth $16,296,000 after purchasing an additional 77,300 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Old Second Bancorp by 22.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,004,613 shares of the financial services provider’s stock worth $15,521,000 after purchasing an additional 181,105 shares in the last quarter. Finally, Boston Partners raised its holdings in Old Second Bancorp by 1.6% in the 2nd quarter. Boston Partners now owns 583,800 shares of the financial services provider’s stock worth $8,407,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors own 69.85% of the company’s stock.
A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.
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About Old Second Bancorp
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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