Old Second Bancorp (NASDAQ:OSBC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
A number of other research firms also recently commented on OSBC. ValuEngine downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, October 25th. Keefe, Bruyette & Woods upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.17.
Old Second Bancorp (OSBC) traded down $0.05 on Wednesday, hitting $14.40. The stock had a trading volume of 50,975 shares, compared to its average volume of 81,073. Old Second Bancorp has a fifty-two week low of $10.10 and a fifty-two week high of $15.00. The stock has a market cap of $428.11, a P/E ratio of 18.70, a P/E/G ratio of 2.22 and a beta of 1.27. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.
A number of large investors have recently added to or reduced their stakes in OSBC. Ameritas Investment Partners Inc. grew its stake 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 buying an additional 10,008 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in Old Second Bancorp during the 2nd quarter worth approximately $161,000. Alliancebernstein L.P. purchased a new position in Old Second Bancorp during the 2nd quarter worth approximately $236,000. Thrivent Financial For Lutherans purchased a new position in Old Second Bancorp during the 2nd quarter worth approximately $241,000. Finally, Numeric Investors LLC purchased a new position in Old Second Bancorp during the 2nd quarter worth approximately $283,000. Hedge funds and other institutional investors own 68.38% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “BidaskClub Downgrades Old Second Bancorp (OSBC) to Sell” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/28/bidaskclub-downgrades-old-second-bancorp-osbc-to-sell.html.
About Old Second Bancorp
Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.
Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.