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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.6250.

Several equities research analysts have recently issued reports 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. DA Davidson increased their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, October 24th.

Insiders Place Their Bets

In other news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of Old Second Bancorp stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $20.98, for a total transaction of $41,960.00. Following the completion of the sale, the executive vice president directly owned 24,874 shares in the company, valued at approximately $521,856.52. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted 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 valued at $26,000 after buying an additional 1,215 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Old Second Bancorp in the 3rd quarter worth about $30,000. Mather Group LLC. purchased a new position in shares of Old Second Bancorp during the third quarter worth approximately $67,000. Danske Bank A S raised its stake in shares of Old Second Bancorp by 1,266.7% during the fourth quarter. Danske Bank A S now owns 4,100 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Old Second Bancorp during the first quarter valued at approximately $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $21.04 on Friday. The stock’s fifty day moving average is $20.15 and its 200 day moving average is $18.68. Old Second Bancorp has a fifty-two week low of $14.14 and a fifty-two week high of $22.00. The firm has a market capitalization of $1.11 billion, a PE ratio of 12.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a net margin of 20.00% and a return on equity of 13.36%. The company had revenue of $95.21 million during the quarter, compared to analyst estimates of $82.49 million. On average, sell-side analysts anticipate that Old Second Bancorp will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 30th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 30th. Old Second Bancorp’s dividend payout ratio is 17.18%.

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.