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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $23.50.

OSBC has been the subject of several analyst reports. Stephens initiated coverage on Old Second Bancorp in a research note on Friday, March 27th. They issued an “overweight” rating and a $23.00 price objective for the company. Piper Sandler reduced their price objective on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 27th.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $21.08 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.55 and a beta of 0.71. Old Second Bancorp has a one year low of $16.21 and a one year high of $22.43. The business has a fifty day moving average price of $20.60 and a 200-day moving average price of $20.06.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.03). The company had revenue of $93.77 million during 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%. Sell-side analysts forecast that Old Second Bancorp will post 2.16 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 annualized dividend and a yield of 1.3%. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. bought a new position in Old Second Bancorp in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,215 shares during the period. Rockefeller Capital Management L.P. bought a new position in Old Second Bancorp in the 4th quarter worth $27,000. State of Alaska Department of Revenue bought a new position in Old Second Bancorp in the 3rd quarter worth $30,000. Finally, Parkside Financial Bank & Trust bought a new position in Old Second Bancorp in the 4th quarter worth $45,000. Institutional investors own 67.76% of the company’s stock.

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.