Insider Buying: Old Second Bancorp Inc. (OSBC) Director Acquires 1,000 Shares of Stock

Old Second Bancorp Inc. (NASDAQ:OSBC) Director James F. Tapscott bought 1,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average price of $13.38 per share, with a total value of $13,380.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James F. Tapscott also recently made the following trade(s):

  • On Thursday, February 1st, James F. Tapscott bought 1,000 shares of Old Second Bancorp stock. The stock was bought at an average price of $14.25 per share, with a total value of $14,250.00.

Shares of Old Second Bancorp Inc. (NASDAQ OSBC) traded down $0.15 on Tuesday, hitting $13.35. 20,874 shares of the stock traded hands, compared to its average volume of 84,054. Old Second Bancorp Inc. has a 52 week low of $10.10 and a 52 week high of $15.00. The firm has a market cap of $419.22, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.72. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. The company had revenue of $27.13 million for the quarter, compared to analyst estimates of $27.35 million. research analysts anticipate that Old Second Bancorp Inc. will post 0.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 26th were paid a $0.01 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. Old Second Bancorp’s payout ratio is presently 5.19%.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in Old Second Bancorp by 440.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock valued at $141,000 after buying an additional 10,008 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Old Second Bancorp in the 2nd quarter valued at $161,000. Alliancebernstein L.P. acquired a new position in Old Second Bancorp in the 2nd quarter valued at $236,000. Thrivent Financial For Lutherans acquired a new position in Old Second Bancorp in the 2nd quarter valued at $241,000. Finally, Numeric Investors LLC acquired a new position in Old Second Bancorp in the 2nd quarter valued at $283,000. Institutional investors and hedge funds own 68.61% of the company’s stock.

A number of equities research analysts have issued reports on OSBC shares. Sandler O’Neill upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. BidaskClub lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.17.

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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.

Insider Buying and Selling by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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