Old Second Bancorp, Inc. (NASDAQ:OSBC) Given Consensus Rating of “Moderate Buy” by Analysts

Old Second Bancorp, Inc. (NASDAQ:OSBC) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.6250.

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th.

Insiders Place Their Bets

In other news, insider Darin Patrick Campbell sold 31,159 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Old Second Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Old Second Bancorp by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,269,993 shares of the financial services provider’s stock worth $56,522,000 after purchasing an additional 553,169 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Old Second Bancorp by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,204,884 shares of the financial services provider’s stock worth $38,111,000 after buying an additional 86,416 shares during the period. FJ Capital Management LLC lifted its stake in shares of Old Second Bancorp by 4.5% during the third quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock worth $33,186,000 after buying an additional 82,601 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Old Second Bancorp by 74.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after buying an additional 630,265 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Old Second Bancorp by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock valued at $23,990,000 after acquiring an additional 160,429 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Trading Down 1.5%

Shares of NASDAQ:OSBC opened at $20.53 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of 13.60 and a beta of 0.83. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. Old Second Bancorp has a 12-month low of $14.14 and a 12-month high of $20.96. The business’s fifty day simple moving average is $18.75 and its 200-day simple moving average is $18.09.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a return on equity of 12.34% and a net margin of 18.89%.The company had revenue of $95.88 million for the quarter, compared to the consensus estimate of $80.45 million. As a group, equities research analysts predict that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 31st were paid a $0.07 dividend. The ex-dividend date was Friday, October 31st. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. Old Second Bancorp’s dividend payout ratio (DPR) is 18.54%.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.