Old Second Bancorp (NASDAQ:OSBC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Old Second Bancorp, Inc. (NASDAQ:OSBC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.61 and traded as high as $20.05. Old Second Bancorp shares last traded at $19.84, with a volume of 375,959 shares.

Analyst Ratings Changes

OSBC has been the topic of several analyst reports. Wall Street Zen upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. DA Davidson upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Old Second Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Old Second Bancorp Trading Down 0.7%

The company’s 50-day moving average is $19.97 and its 200-day moving average is $18.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.17 and a beta of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $95.21 million for the quarter, compared to analysts’ expectations of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 13.36%. On average, research analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 30th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Old Second Bancorp’s payout ratio is presently 17.18%.

Institutional Trading of Old Second Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Old Second Bancorp by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 540 shares during the period. Teacher Retirement System of Texas lifted its holdings in Old Second Bancorp by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 41,578 shares of the financial services provider’s stock valued at $738,000 after buying an additional 757 shares during the period. Hudson Edge Investment Partners Inc. boosted its stake in Old Second Bancorp by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 60,674 shares of the financial services provider’s stock valued at $1,076,000 after acquiring an additional 840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 1,067 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,215 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Company Profile

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.