Old Second Bancorp (NASDAQ:OSBC) was upgraded by stock analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.

OSBC has been the subject of a number of other reports. BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Saturday, September 9th. 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 objective for the company. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.50 price objective on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Four 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 currently has a consensus rating of “Buy” and a consensus target price of $13.50.

Old Second Bancorp (NASDAQ OSBC) opened at $12.60 on Thursday. The company has a market capitalization of $370.34, a price-to-earnings ratio of 16.23, a P/E/G ratio of 2.20 and a beta of 1.27. Old Second Bancorp has a 12-month low of $9.65 and a 12-month 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.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, topping the 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%. analysts predict that Old Second Bancorp will post 0.81 EPS for the current year.

In other news, CEO William B. Skoglund sold 3,850 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $12.13, for a total value of $46,700.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ladowicz sold 10,350 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders have sold 49,346 shares of company stock valued at $623,302. Company insiders own 3.20% of the company’s stock.

Several large investors have recently made changes to their positions in OSBC. Vanguard Group Inc. increased its position in Old Second Bancorp by 4.7% in the first quarter. Vanguard Group Inc. now owns 967,741 shares of the financial services provider’s stock worth $10,887,000 after purchasing an additional 43,030 shares during the period. Geode Capital Management LLC increased its position in Old Second Bancorp by 3.2% in the first quarter. Geode Capital Management LLC now owns 210,956 shares of the financial services provider’s stock worth $2,373,000 after purchasing an additional 6,603 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Old Second Bancorp by 12.6% in the first 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 during the period. Goldman Sachs Group Inc. increased its position in Old Second Bancorp by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 43,210 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 8,375 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Old Second Bancorp by 23.4% in the second quarter. Russell Investments Group Ltd. now owns 236,654 shares of the financial services provider’s stock worth $2,733,000 after purchasing an additional 44,948 shares during the period. Institutional investors own 68.36% of the company’s stock.

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About Old Second Bancorp

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