Old Second Bancorp, Inc. (NASDAQ:OSBC) Receives $21.63 Average PT from Analysts

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.6250.

OSBC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th.

Insiders Place Their Bets

In related news, insider Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Old Second Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Old Second Bancorp by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 540 shares in the last quarter. SG Americas Securities LLC grew its position in Old Second Bancorp by 29.1% during the fourth quarter. SG Americas Securities LLC now owns 22,521 shares of the financial services provider’s stock valued at $439,000 after buying an additional 5,083 shares during the period. Tudor Investment Corp ET AL purchased a new position in Old Second Bancorp in the third quarter valued at $376,000. CIBC Bancorp USA Inc. acquired a new position in shares of Old Second Bancorp in the third quarter worth about $185,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Old Second Bancorp by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 17,409 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 2,309 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Stock Down 1.6%

Old Second Bancorp stock opened at $20.66 on Wednesday. The business’s 50-day simple moving average is $19.55 and its two-hundred day simple moving average is $18.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1.09 billion, a PE ratio of 13.68 and a beta of 0.82. Old Second Bancorp has a fifty-two week low of $14.14 and a fifty-two week high of $21.10.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a return on equity of 12.34% and a net margin of 18.89%.The firm had revenue of $95.88 million during the quarter, compared to the consensus estimate of $80.45 million. Equities analysts anticipate that Old Second Bancorp will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 31st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, October 31st. Old Second Bancorp’s dividend payout ratio (DPR) is 18.54%.

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.