Old Second Bancorp’s (OSBC) “Hold” Rating Reiterated at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their hold rating on shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in a report released on Thursday morning. The brokerage currently has a $11.50 target price on the financial services provider’s stock.
OSBC has been the topic of a number of other reports. Zacks Investment Research raised Old Second Bancorp from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Tuesday, June 27th. ValuEngine raised Old Second Bancorp from a hold rating to a buy rating in a report on Friday, June 2nd.
Old Second Bancorp (OSBC) traded up 1.068% during mid-day trading on Thursday, hitting $11.825. The stock had a trading volume of 12,703 shares. The stock has a market cap of $350.34 million, a price-to-earnings ratio of 19.073 and a beta of 1.32. Old Second Bancorp has a 12 month low of $7.21 and a 12 month high of $12.75. The stock’s 50-day moving average price is $11.70 and its 200-day moving average price is $11.30.
WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/old-second-bancorps-osbc-hold-rating-reiterated-at-keefe-bruyette-woods/1464036.html.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Friday, July 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, July 26th.
In other news, CFO Bradley S. Adams acquired 41,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were acquired at an average cost of $11.89 per share, with a total value of $497,002.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Bonifas acquired 2,816 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $11.49 per share, for a total transaction of $32,355.84. The disclosure for this purchase can be found here. Insiders bought 50,866 shares of company stock worth $601,970 over the last three months. Corporate insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in OSBC. Highbridge Capital Management LLC purchased a new position in shares of Old Second Bancorp during the fourth quarter worth $207,000. Menta Capital LLC purchased a new position in shares of Old Second Bancorp during the first quarter worth $141,000. Wedge Capital Management L L P NC raised its position in shares of Old Second Bancorp by 12.1% in the first quarter. Wedge Capital Management L L P NC now owns 79,700 shares of the financial services provider’s stock worth $897,000 after buying an additional 8,600 shares in the last quarter. Globeflex Capital L P raised its position in shares of Old Second Bancorp by 9,572.5% in the first quarter. Globeflex Capital L P now owns 17,604 shares of the financial services provider’s stock worth $198,000 after buying an additional 17,422 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Old Second Bancorp by 7.4% in the first quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,100 shares in the last quarter. 65.56% of the stock is currently owned by institutional investors and hedge funds.
About Old Second Bancorp
Receive News & Ratings for Old Second Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.