Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.50.

A number of equities research analysts recently commented on OSBC shares. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Saturday, September 9th. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 price target on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Finally, DA Davidson initiated coverage on Old Second Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price target for the company.

In related news, CEO William B. Skoglund sold 5,450 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total transaction of $66,217.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Ladowicz sold 9,550 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.14, for a total value of $115,937.00. The disclosure for this sale can be found here. Insiders sold 49,346 shares of company stock valued at $623,302 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its position in Old Second Bancorp by 440.1% during the second quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 10,008 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Old Second Bancorp during the second quarter valued at approximately $161,000. Metropolitan Life Insurance Co. NY boosted its position in Old Second Bancorp by 12.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 2,338 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Old Second Bancorp during the second quarter valued at approximately $236,000. Finally, Thrivent Financial For Lutherans acquired a new position in Old Second Bancorp during the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

Old Second Bancorp (OSBC) opened at $12.55 on Friday. The stock has a market capitalization of $371.82, a price-to-earnings ratio of 16.49, a PEG ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. Old Second Bancorp has a one year low of $9.60 and a one year high of $14.90.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. analysts forecast that Old Second Bancorp will post 0.81 EPS for the current fiscal year.

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Old Second Bancorp Company Profile

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