Sandler O’Neill upgraded shares of Old Second Bancorp (NASDAQ:OSBC) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Old Second Bancorp from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Saturday, September 9th. BidaskClub upgraded Old Second Bancorp from a hold rating to a buy rating in a report on Saturday, August 26th. ValuEngine downgraded 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 set a $11.50 price target on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Finally, DA Davidson started coverage on Old Second Bancorp in a report on Friday, September 1st. They set a neutral rating and a $13.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $13.50.

Old Second Bancorp (NASDAQ:OSBC) traded up $1.10 on Thursday, reaching $13.65. The company had a trading volume of 259,900 shares, compared to its average volume of 85,794. Old Second Bancorp has a 1 year low of $9.65 and a 1 year high of $14.90. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The firm has a market cap of $404.41, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.41 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. research analysts anticipate that Old Second Bancorp will post 0.81 earnings per share for the current year.

In other news, CEO William B. Skoglund sold 5,450 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total value of $66,217.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Ladowicz sold 10,350 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $12.15, for a total value of $125,752.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,946 shares of company stock worth $460,665. 3.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its position in shares of Old Second Bancorp by 440.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 10,008 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Old Second Bancorp in the 2nd quarter valued at about $161,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Old Second Bancorp by 12.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 2,338 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Old Second Bancorp in the 2nd quarter valued at about $236,000. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Old Second Bancorp in the 2nd quarter valued at about $241,000. 68.36% of the stock is owned by hedge funds and other institutional investors.

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Old Second Bancorp Company Profile

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