Old Second Bancorp, Inc. (OSBC) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have received an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong 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 $13.50.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research note on Wednesday, October 25th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 price target on shares of Old Second Bancorp in a report on Tuesday, October 3rd. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, DA Davidson started coverage on Old Second Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price target for the company.
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Shares of Old Second Bancorp (NASDAQ:OSBC) opened at $12.55 on Wednesday. Old Second Bancorp has a fifty-two week low of $8.55 and a fifty-two week high of $14.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $368.86, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34.
Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. equities research analysts expect that Old Second Bancorp will post 0.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Friday, October 27th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, October 26th. Old Second Bancorp’s payout ratio is currently 5.33%.
In other news, CEO William B. Skoglund sold 5,450 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total transaction of $66,217.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Ladowicz sold 9,550 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.14, for a total value of $115,937.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,346 shares of company stock valued at $623,302 in the last quarter. Company insiders own 3.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. Chicago Equity Partners LLC grew its holdings in shares of Old Second Bancorp by 0.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 265 shares during the period. Rhumbline Advisers boosted its holdings in Old Second Bancorp by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 34,251 shares of the financial services provider’s stock worth $396,000 after acquiring an additional 725 shares during the period. Prudential Financial Inc. boosted its holdings in Old Second Bancorp by 7.4% in the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,100 shares during the period. American International Group Inc. boosted its holdings in Old Second Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,175 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Old Second Bancorp by 8.7% in the 2nd quarter. Voya Investment Management LLC now owns 24,645 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 1,965 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.
About Old Second Bancorp
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