Zacks Investment Research downgraded shares of Old Second Bancorp (NASDAQ:OSBC) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “

A number of other equities research analysts also recently issued reports on OSBC. Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. ValuEngine downgraded Old Second Bancorp from a buy rating to a hold rating in a research report on Saturday, October 21st. BidaskClub downgraded Old Second Bancorp from a buy rating to a hold rating in a research report on Saturday, December 9th. Finally, Sandler O’Neill upgraded Old Second Bancorp from a hold rating to a buy rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and an average target price of $13.17.

Shares of Old Second Bancorp (NASDAQ:OSBC) opened at $14.60 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp has a 12-month low of $9.65 and a 12-month high of $14.90. The stock has a market capitalization of $419.22, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.28 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data 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 return on equity of 12.34% and a net margin of 19.91%. analysts expect that Old Second Bancorp will post 0.79 EPS for the current fiscal year.

In other Old Second Bancorp news, Director John Ladowicz sold 10,096 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total transaction of $145,382.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 10,996 shares of company stock worth $157,874 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. raised 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 in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Old Second Bancorp during the second quarter valued at about $161,000. Alliancebernstein L.P. purchased a new stake in Old Second Bancorp during the second quarter valued at about $236,000. Thrivent Financial For Lutherans purchased a new stake in Old Second Bancorp during the second quarter valued at about $241,000. Finally, Numeric Investors LLC purchased a new stake in Old Second Bancorp during the second quarter valued at about $283,000. Institutional investors and hedge funds own 68.27% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Old Second Bancorp (OSBC) Rating Lowered to Sell at Zacks Investment Research” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/06/old-second-bancorp-osbc-rating-lowered-to-sell-at-zacks-investment-research.html.

About Old Second Bancorp

Get a free copy of the Zacks research report on Old Second Bancorp (OSBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.