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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.6250.

OSBC has been the subject of several research reports. DA Davidson raised their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Thursday, January 22nd.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $20.98, for a total value of $41,960.00. Following the completion of the transaction, the executive vice president directly owned 24,874 shares in the company, valued at $521,856.52. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Darin Patrick Campbell sold 35,000 shares of Old Second Bancorp stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total transaction of $732,900.00. Following the completion of the transaction, the insider directly owned 274,589 shares in the company, valued at approximately $5,749,893.66. This trade represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,091 shares of company stock valued at $776,744 over the last ninety days. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Old Second Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in Old Second Bancorp during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 1,215 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Old Second Bancorp in the third quarter valued at $30,000. Parkside Financial Bank & Trust acquired a new stake in shares of Old Second Bancorp in the fourth quarter worth $45,000. Finally, Clearstead Advisors LLC boosted its position in shares of 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 buying an additional 2,159 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Trading Down 0.8%

Shares of NASDAQ:OSBC opened at $19.48 on Thursday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.95 and a beta of 0.79. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $22.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50 day moving average price of $20.20 and a 200 day moving average price of $19.12.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.00%.The company had revenue of $95.20 million for the quarter, compared to analysts’ expectations of $82.49 million. On average, research analysts anticipate that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Friday, January 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, January 30th. Old Second Bancorp’s payout ratio is presently 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.