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

Old Second Bancorp, Inc. (NASDAQ:OSBC) has earned an average recommendation of “Moderate Buy” from the five brokerages that are 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 12-month price objective among analysts that have issued a report on the stock in the last year is $21.6250.

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

Insider Buying and Selling

In other Old Second Bancorp news, insider Darin Patrick Campbell sold 31,159 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $17.89, for a total value of $557,434.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Old Second Bancorp

A number of large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,215 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Old Second Bancorp during the 3rd quarter valued at approximately $30,000. Mather Group LLC. bought a new position in shares of Old Second Bancorp in the 3rd quarter worth about $67,000. Strs Ohio bought a new position in Old Second Bancorp in the first quarter worth about $88,000. Finally, Tower Research Capital LLC TRC grew its stake in Old Second Bancorp by 446.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock worth $112,000 after buying an additional 5,153 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Trading Up 0.7%

OSBC stock opened at $19.87 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.16 and a beta of 0.82. The business has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $18.46. Old Second Bancorp has a 52 week low of $14.14 and a 52 week high of $20.96.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results 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 firm had revenue of $95.88 million for the quarter, compared to analysts’ expectations of $80.45 million. On average, equities research analysts expect that Old Second Bancorp will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 31st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, October 31st. Old Second Bancorp’s dividend payout ratio is currently 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.