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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.20.

A number of equities research analysts have weighed in on OSBC shares. Raymond James Financial set a $26.00 price target on shares of Old Second Bancorp in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. 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 target price on the stock. Finally, Piper Sandler raised their target price on shares of Old Second Bancorp from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, June 26th.

Institutional Investors Weigh In On Old Second Bancorp

Several large investors have recently modified their holdings of OSBC. Kennedy Capital Management LLC lifted its holdings in shares of Old Second Bancorp by 9.7% during the third quarter. Kennedy Capital Management LLC now owns 1,093,318 shares of the financial services provider’s stock valued at $18,898,000 after purchasing an additional 96,326 shares during the last quarter. Stieven Capital Advisors L.P. increased its stake in Old Second Bancorp by 8.5% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 778,028 shares of the financial services provider’s stock worth $13,448,000 after purchasing an additional 61,000 shares in the last quarter. Blair William & Co. IL increased its stake in Old Second Bancorp by 757.0% in the 3rd quarter. Blair William & Co. IL now owns 154,436 shares of the financial services provider’s stock worth $2,669,000 after purchasing an additional 136,416 shares in the last quarter. UBS Group AG raised its holdings in Old Second Bancorp by 295.2% during the 4th quarter. UBS Group AG now owns 177,102 shares of the financial services provider’s stock worth $3,453,000 after buying an additional 132,290 shares during the period. Finally, Davis Asset Management L.P. raised its holdings in Old Second Bancorp by 16.4% during the 4th quarter. Davis Asset Management L.P. now owns 1,745,523 shares of the financial services provider’s stock worth $34,038,000 after buying an additional 245,523 shares during the period. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Stock Down 1.0%

OSBC opened at $22.99 on Wednesday. Old Second Bancorp has a one year low of $16.42 and a one year high of $23.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average is $21.69 and its 200-day moving average is $20.78. The company has a market capitalization of $1.18 billion, a PE ratio of 13.68 and a beta of 0.70.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.03). The firm had revenue of $93.77 million for the quarter, compared to the consensus estimate of $94.80 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. On average, equities analysts predict that Old Second Bancorp will post 2.16 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

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.