Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Free Report) Director Hugh Mclean sold 25,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $25.73, for a total transaction of $643,250.00. Following the transaction, the director owned 135,351 shares of the company’s stock, valued at approximately $3,482,581.23. The trade was a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Old Second Bancorp Stock Performance
NASDAQ OSBC opened at $25.68 on Friday. The company’s fifty day moving average is $24.54 and its two-hundred day moving average is $22.12. Old Second Bancorp, Inc. has a 52-week low of $16.65 and a 52-week high of $26.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.76 and a beta of 0.70.
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, meeting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. Equities research analysts forecast that Old Second Bancorp, Inc. will post 2.2 EPS for the current year.
Old Second Bancorp Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on OSBC. DA Davidson boosted their price objective on Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 target price (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Raymond James Financial began 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 target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a report on Wednesday, August 26th. Finally, Zacks Research cut shares of Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.40.
View Our Latest Stock Report on Old Second Bancorp
Institutional Investors Weigh In On Old Second Bancorp
Large investors have recently modified their holdings of the stock. Harbour Investments Inc. bought a new position in shares of Old Second Bancorp during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its position in Old Second Bancorp by 458.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,215 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Old Second Bancorp in the fourth quarter valued at $27,000. Parkside Financial Bank & Trust acquired a new position in Old Second Bancorp during the fourth quarter worth $45,000. Finally, Clearstead Advisors LLC raised its stake in Old Second Bancorp by 793.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,159 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors.
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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