Old Second Bancorp (NASDAQ:OSBC) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Old Second Bancorp, Inc. (NASDAQ:OSBC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.26 and traded as high as $21.76. Old Second Bancorp shares last traded at $21.56, with a volume of 226,814 shares.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSBC. Stephens began coverage on shares of Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Finally, Piper Sandler cut their price target on shares of Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Old Second Bancorp Stock Performance

The stock has a market cap of $1.11 billion, a PE ratio of 12.83 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day moving average price of $20.94 and a two-hundred day moving average price of $20.26.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The company had revenue of $93.77 million for the quarter, compared to analysts’ expectations of $94.80 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. As a group, equities research analysts forecast that Old Second Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 1st. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

Hedge Funds Weigh In On Old Second Bancorp

A number of institutional investors have recently added to or reduced their stakes in OSBC. Harbour Investments Inc. bought a new position in shares of Old Second Bancorp during the fourth quarter valued at $26,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Old Second Bancorp during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in Old Second Bancorp by 458.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,215 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Old Second Bancorp in the fourth quarter worth about $45,000. Finally, Clearstead Advisors LLC boosted its position in Old Second Bancorp by 793.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

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.