Old Second Bancorp Inc. (OSBC) Receives Consensus Rating of “Hold” from Analysts

Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) have been given an average rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.00.

A number of equities analysts have issued reports on OSBC shares. Zacks Investment Research downgraded shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub downgraded shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th.

Old Second Bancorp (NASDAQ:OSBC) opened at $14.40 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $428.11, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. Old Second Bancorp has a fifty-two week low of $10.10 and a fifty-two week high of $15.00.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. The firm had revenue of $27.13 million for the quarter, compared to the consensus estimate of $27.35 million. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. sell-side analysts anticipate that Old Second Bancorp will post 0.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 26th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Thursday, January 25th. Old Second Bancorp’s dividend payout ratio (DPR) is currently 5.19%.

Several large investors have recently modified their holdings of the stock. Bowling Portfolio Management LLC purchased a new position in shares of Old Second Bancorp in the 4th quarter worth about $984,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Old Second Bancorp by 10.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock worth $864,000 after buying an additional 6,002 shares during the last quarter. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Old Second Bancorp by 2.2% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 1,401,108 shares of the financial services provider’s stock worth $19,125,000 after buying an additional 30,511 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of Old Second Bancorp in the 3rd quarter worth about $447,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Old Second Bancorp by 11.8% in the 3rd quarter. California Public Employees Retirement System now owns 87,997 shares of the financial services provider’s stock worth $1,184,000 after buying an additional 9,297 shares during the last quarter. 68.38% of the stock is currently owned by institutional investors.

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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.

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