Old Second Bancorp, Inc. (OSBC) Receives Average Recommendation of “Hold” from Analysts
Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.25.
A number of research analysts have recently issued reports on OSBC shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price target on shares of Old Second Bancorp in a research report on Friday, July 14th. DA Davidson started coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price target on the stock. BidaskClub downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.
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In other news, Director John Ladowicz sold 10,350 shares of Old Second Bancorp stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $12.15, for a total value of $125,752.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Bonifas acquired 3,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,550 shares of company stock valued at $62,594 and sold 50,350 shares valued at $609,088. Insiders own 3.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its stake in shares of Old Second Bancorp by 440.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 10,008 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Old Second Bancorp in the 1st quarter valued at $141,000. Virtu KCG Holdings LLC bought a new stake in shares of Old Second Bancorp in the 2nd quarter valued at $161,000. Prudential Financial Inc. increased its stake in shares of Old Second Bancorp by 7.4% in the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Globeflex Capital L P increased its stake in shares of Old Second Bancorp by 9,572.5% in the 1st quarter. Globeflex Capital L P now owns 17,604 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 17,422 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.
Shares of Old Second Bancorp (NASDAQ:OSBC) opened at 14.25 on Friday. Old Second Bancorp has a 52 week low of $7.65 and a 52 week high of $14.90. The firm has a 50-day moving average of $12.60 and a 200 day moving average of $11.88. The company has a market cap of $422.18 million, a P/E ratio of 22.98 and a beta of 1.38.
Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 16.82% and a return on equity of 10.30%. Equities analysts anticipate that Old Second Bancorp will post $0.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 27th will be given a $0.01 dividend. The ex-dividend date is Thursday, October 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 6.45%.
About Old Second Bancorp
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