Zacks Investment Research cut shares of Old Second Bancorp (NASDAQ:OSBC) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Old Second Bancorp from a sell rating to a hold rating in a report on Tuesday, April 30th. FIG Partners raised shares of Old Second Bancorp from a market perform rating to an outperform rating in a report on Monday, April 29th. Raymond James set a $15.00 price objective on shares of Old Second Bancorp and gave the company a buy rating in a research report on Friday, April 26th. Finally, ValuEngine cut shares of Old Second Bancorp from a hold rating to a sell rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $16.00.

Shares of OSBC stock opened at $12.46 on Tuesday. Old Second Bancorp has a 12-month low of $11.32 and a 12-month high of $16.30. The stock has a market cap of $373.11 million, a P/E ratio of 10.67, a PEG ratio of 1.42 and a beta of 1.00. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.47.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Old Second Bancorp had a net margin of 23.12% and a return on equity of 15.76%. The firm had revenue of $30.52 million for the quarter, compared to the consensus estimate of $32.23 million. On average, equities research analysts expect that Old Second Bancorp will post 1.26 EPS for the current fiscal year.

In other Old Second Bancorp news, EVP Keith Gottschalk sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $13.07, for a total value of $26,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.28% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Old Second Bancorp in the 1st quarter valued at about $60,000. Executive Wealth Management LLC acquired a new stake in Old Second Bancorp in the 4th quarter valued at about $62,000. Meeder Asset Management Inc. increased its position in Old Second Bancorp by 41.2% in the 1st quarter. Meeder Asset Management Inc. now owns 5,633 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 1,644 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Old Second Bancorp by 499.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 5,038 shares in the last quarter. Finally, Ramsey Quantitative Systems increased its position in Old Second Bancorp by 83.9% in the 4th quarter. Ramsey Quantitative Systems now owns 6,436 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 2,936 shares in the last quarter. Hedge funds and other institutional investors own 68.72% of the company’s stock.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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