Old Second Bancorp (OSBC) Rating Increased to Hold at BidaskClub

Old Second Bancorp (NASDAQ:OSBC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently issued reports on the company. Sandler O’Neill raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods raised Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $13.17.

Shares of Old Second Bancorp (NASDAQ:OSBC) opened at $13.55 on Friday. The stock has a market capitalization of $410.54, a PE ratio of 27.10, a P/E/G ratio of 1.81 and a beta of 0.72. 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 has a 1 year low of $10.10 and a 1 year high of $15.00.

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

A number of institutional investors have recently bought and sold shares of OSBC. Ameritas Investment Partners Inc. lifted its position 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 acquiring an additional 10,008 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Old Second Bancorp during the 2nd quarter worth approximately $161,000. Citadel Advisors LLC acquired a new stake in Old Second Bancorp during the 4th quarter worth approximately $217,000. Alliancebernstein L.P. acquired a new stake in Old Second Bancorp during the 2nd quarter worth approximately $236,000. Finally, Thrivent Financial For Lutherans acquired a new stake in Old Second Bancorp during the 2nd quarter worth approximately $241,000. 68.61% of the stock is owned by institutional investors.

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Old Second Bancorp Company Profile

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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