Old Second Bancorp, Inc. (NASDAQ:OSBC) Receives Average Rating of “Moderate Buy” from Analysts

Old Second Bancorp, Inc. (NASDAQ:OSBC) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $24.20.

A number of equities research analysts have weighed in on OSBC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. Stephens started coverage on shares of Old Second Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $23.00 target price on the stock. Piper Sandler lifted their target price on shares of Old Second Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Raymond James Financial started coverage on shares of Old Second Bancorp in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price target for the company.

Old Second Bancorp Stock Down 0.2%

Old Second Bancorp stock opened at $23.01 on Wednesday. The stock’s fifty day moving average is $21.91 and its two-hundred day moving average is $20.86. The stock has a market cap of $1.18 billion, a PE ratio of 13.70 and a beta of 0.70. Old Second Bancorp has a 1-year low of $16.42 and a 1-year high of $23.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.03). The company had revenue of $93.77 million for the quarter, compared to analysts’ expectations of $94.80 million. Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%. On average, sell-side analysts expect that Old Second Bancorp will post 2.15 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 1st. Old Second Bancorp’s dividend payout ratio (DPR) is 16.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in shares of Old Second Bancorp during the 4th quarter worth approximately $26,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Old Second Bancorp by 458.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,215 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $45,000. Finally, Clearstead Advisors LLC grew its holdings in Old Second Bancorp by 793.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,159 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.