Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $26.04 and last traded at $25.79, with a volume of 551603 shares changing hands. The stock had previously closed at $25.78.
Analyst Upgrades and Downgrades
OSBC has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Zacks Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. DA Davidson upped their price objective on shares of Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial initiated coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.40.
Check Out Our Latest Research Report on OSBC
Old Second Bancorp Stock Performance
Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.85%. On average, equities analysts expect that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current fiscal year.
Old Second Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, July 31st. Old Second Bancorp’s dividend payout ratio is currently 16.09%.
Institutional Investors Weigh In On Old Second Bancorp
Institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. acquired a new stake in Old Second Bancorp in the fourth quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,215 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Old Second Bancorp during the 4th quarter worth about $27,000. Parkside Financial Bank & Trust bought a new position in shares of Old Second Bancorp during the 4th quarter worth about $45,000. Finally, Clearstead Advisors LLC grew its stake in shares of Old Second Bancorp by 793.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,159 shares during the period. Institutional investors own 67.76% of the company’s stock.
About Old Second Bancorp
Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.
In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.
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