Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.67.

Several equities research analysts recently weighed in on the company. Piper Sandler cut their price objective on Old Second Bancorp from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Raymond James lifted their price target on Old Second Bancorp from $13.50 to $14.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. TheStreet cut Old Second Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, March 10th. BidaskClub lowered shares of Old Second Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, January 31st. Finally, ValuEngine lowered shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 30th.

Shares of Old Second Bancorp stock traded up $0.02 during midday trading on Thursday, hitting $6.33. 86,419 shares of the company traded hands, compared to its average volume of 147,314. The firm’s fifty day moving average price is $7.20 and its 200-day moving average price is $10.81. The stock has a market cap of $215.07 million, a price-to-earnings ratio of 6.15 and a beta of 1.51. Old Second Bancorp has a 12 month low of $5.96 and a 12 month high of $13.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 0.88.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $28.98 million for the quarter, compared to analyst estimates of $30.83 million. Old Second Bancorp had a net margin of 20.87% and a return on equity of 14.38%. Equities research analysts forecast that Old Second Bancorp will post 0.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, April 30th. Old Second Bancorp’s dividend payout ratio is currently 3.08%.

In other news, CEO James Eccher bought 12,033 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $8.28 per share, with a total value of $99,633.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.83% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP boosted its position in Old Second Bancorp by 10.0% during the first quarter. Two Sigma Advisers LP now owns 71,200 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 6,500 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Old Second Bancorp by 4.4% in the 1st quarter. Wells Fargo & Company MN now owns 58,229 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 2,430 shares during the period. Geode Capital Management LLC lifted its stake in shares of Old Second Bancorp by 7.8% in the 1st quarter. Geode Capital Management LLC now owns 405,704 shares of the financial services provider’s stock valued at $2,803,000 after purchasing an additional 29,385 shares during the period. Wellington Management Group LLP boosted its position in shares of Old Second Bancorp by 29.4% during the 1st quarter. Wellington Management Group LLP now owns 965,248 shares of the financial services provider’s stock valued at $6,670,000 after purchasing an additional 219,040 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Old Second Bancorp by 18.2% during the first quarter. Alliancebernstein L.P. now owns 33,700 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 5,200 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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