Old Second Bancorp, Inc. (OSBC) Declares Quarterly Dividend of $0.01
Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Wednesday, July 19th, NASDAQ reports. Investors of record on Friday, July 28th will be given a dividend of 0.01 per share by the financial services provider on Monday, August 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Wednesday, July 26th.
Old Second Bancorp (OSBC) remained flat at $11.35 during trading on Friday. 68,091 shares of the company’s stock were exchanged. Old Second Bancorp has a 12 month low of $7.45 and a 12 month high of $12.75. The firm’s 50-day moving average price is $11.69 and its 200 day moving average price is $11.42. The firm has a market cap of $336.27 million, a PE ratio of 18.31 and a beta of 1.31.
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Several research analysts have recently weighed in on OSBC shares. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 target price on shares of Old Second Bancorp in a report on Thursday, June 1st. ValuEngine upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Old Second Bancorp has a consensus rating of “Hold” and a consensus target price of $12.25.
In other news, Director William Kane sold 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $11.98, for a total transaction of $119,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bradley S. Adams bought 41,800 shares of the stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of $11.89 per share, for a total transaction of $497,002.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 47,300 shares of company stock worth $560,242 and sold 12,000 shares worth $143,660. 3.60% of the stock is owned by corporate insiders.
Old Second Bancorp Company Profile
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