BidaskClub cut shares of Old Second Bancorp (NASDAQ:OSBC) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research analysts also recently issued reports on OSBC. 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. DA Davidson assumed coverage on Old Second Bancorp in a research note on Friday, September 1st. They set a neutral rating and a $13.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $11.50 price target on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded Old Second Bancorp from a buy rating to a hold rating in a research note on Saturday, October 21st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $13.50.

Shares of Old Second Bancorp (OSBC) opened at $12.50 on Friday. Old Second Bancorp has a fifty-two week low of $9.65 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 $371.82, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.27.

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.

In related news, CEO William B. Skoglund sold 5,450 shares of Old Second Bancorp 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Ladowicz sold 10,096 shares of Old Second Bancorp stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total value of $145,382.40. 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 ninety days. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of OSBC. Ameritas Investment Partners Inc. increased its position in Old Second Bancorp by 440.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 10,008 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Old Second Bancorp during the 2nd quarter worth about $161,000. Metropolitan Life Insurance Co. NY increased its position in Old Second Bancorp by 12.6% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 2,338 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Old Second Bancorp during the 2nd quarter worth about $236,000. Finally, Thrivent Financial For Lutherans purchased a new stake in Old Second Bancorp during the 2nd quarter worth about $241,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.

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Old Second Bancorp Company Profile

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