Old Second Bancorp, Inc. (NASDAQ:OSBC) Receives $22.63 Average PT from Brokerages

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.6250.

OSBC has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. DA Davidson raised their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd.

Insider Buying and Selling at Old Second Bancorp

In other Old Second Bancorp news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of Old Second Bancorp stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $20.98, for a total value of $41,960.00. Following the completion of the sale, the executive vice president owned 24,874 shares of the company’s stock, valued at approximately $521,856.52. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darin Patrick Campbell sold 35,000 shares of Old Second Bancorp stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total value of $732,900.00. Following the completion of the sale, the insider owned 274,589 shares of the company’s stock, valued at $5,749,893.66. The trade was a 11.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,091 shares of company stock worth $776,744. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Old Second Bancorp

A number of large investors have recently made changes to their positions in OSBC. Vanguard Group Inc. lifted its position in Old Second Bancorp by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 3,278,388 shares of the financial services provider’s stock valued at $63,929,000 after purchasing an additional 8,395 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Old Second Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,260,874 shares of the financial services provider’s stock worth $44,087,000 after buying an additional 55,990 shares during the last quarter. FJ Capital Management LLC grew its holdings in shares of Old Second Bancorp by 4.5% in the third quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock worth $33,186,000 after acquiring an additional 82,601 shares during the period. Davis Asset Management L.P. lifted its stake in shares of Old Second Bancorp by 16.4% in the 4th quarter. Davis Asset Management L.P. now owns 1,745,523 shares of the financial services provider’s stock worth $34,038,000 after purchasing an additional 245,523 shares during the period. Finally, State Street Corp lifted its stake in shares of Old Second Bancorp by 12.6% in the 4th quarter. State Street Corp now owns 1,539,419 shares of the financial services provider’s stock worth $30,019,000 after purchasing an additional 171,941 shares during the period. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Stock Up 0.4%

Shares of Old Second Bancorp stock opened at $19.62 on Thursday. Old Second Bancorp has a 1 year low of $14.14 and a 1 year high of $22.00. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.04 and a beta of 0.79. The company has a 50-day moving average of $20.19 and a 200 day moving average of $19.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. The business had revenue of $95.20 million for the quarter, compared to analyst estimates of $82.49 million. As a group, sell-side analysts anticipate that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.28 annualized dividend and a yield of 1.4%. Old Second Bancorp’s dividend payout ratio is 17.18%.

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.