Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Free Report) insider Darin Patrick Campbell sold 24,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $25.53, for a total transaction of $612,720.00. Following the sale, the insider owned 250,589 shares in the company, valued at approximately $6,397,537.17. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Old Second Bancorp Stock Up 0.6%
OSBC traded up $0.15 on Thursday, hitting $25.68. 476,096 shares of the company were exchanged, compared to its average volume of 397,370. The firm has a 50-day moving average price of $24.49 and a two-hundred day moving average price of $22.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 14.76 and a beta of 0.70. Old Second Bancorp, Inc. has a twelve month low of $16.65 and a twelve month high of $26.06.
Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. On average, equities analysts predict that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current year.
Old Second Bancorp Announces Dividend
Hedge Funds Weigh In On Old Second Bancorp
Several institutional investors have recently bought and sold shares of OSBC. Harbour Investments Inc. acquired a new stake in shares of Old Second Bancorp in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC increased its stake 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 worth $26,000 after acquiring an additional 1,215 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Old Second Bancorp during the fourth quarter worth about $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $45,000. Finally, Clearstead Advisors LLC boosted its position in shares of Old Second Bancorp by 793.8% during the 4th quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 2,159 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on OSBC. Zacks Research downgraded Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Wednesday, August 26th. DA Davidson boosted their price target on shares of Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Raymond James Financial began coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.40.
Check Out Our Latest Research Report on Old Second Bancorp
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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