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

Old Second Bancorp, Inc. (NASDAQ:OSBC) has been given an average rating of “Buy” by the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.10.

OSBC has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Stephens reduced their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th.

Old Second Bancorp Stock Performance

OSBC opened at $17.70 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a market cap of $797.56 million, a price-to-earnings ratio of 9.67 and a beta of 0.81. Old Second Bancorp has a 52-week low of $14.14 and a 52-week high of $19.46. The firm’s fifty day simple moving average is $16.54 and its two-hundred day simple moving average is $17.16.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $73.57 million for the quarter, compared to analysts’ expectations of $60.00 million. Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. Equities analysts anticipate that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is currently 13.11%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP grew its holdings in shares of Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 974 shares in the last quarter. Strs Ohio acquired a new position in shares of Old Second Bancorp in the first quarter valued at approximately $88,000. GAMMA Investing LLC grew its holdings in shares of Old Second Bancorp by 4,125.0% in the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 5,280 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Old Second Bancorp by 20.2% in the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in shares of Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 2,556 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

About Old Second Bancorp

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.