Old Second Bancorp (NASDAQ:OSBC) Rating Reiterated by Stephens

Old Second Bancorp (NASDAQ:OSBC)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a research report issued on Friday, Benzinga reports. They currently have a $17.00 price objective on the financial services provider’s stock. Stephens’ target price would indicate a potential upside of 17.81% from the company’s current price.

Separately, Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 4th.

Old Second Bancorp Stock Up 5.0 %

OSBC opened at $14.43 on Friday. Old Second Bancorp has a twelve month low of $10.79 and a twelve month high of $16.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $13.51 and a 200 day moving average price of $14.18. The company has a market cap of $646.46 million, a PE ratio of 7.32 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. The company had revenue of $83.83 million for the quarter, compared to analyst estimates of $69.50 million. Sell-side analysts expect that Old Second Bancorp will post 1.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Old Second Bancorp by 42.3% during the 1st quarter. Vanguard Group Inc. now owns 1,925,199 shares of the financial services provider’s stock valued at $27,934,000 after buying an additional 572,257 shares during the period. EJF Capital LLC raised its position in shares of Old Second Bancorp by 140.4% during the 1st quarter. EJF Capital LLC now owns 849,682 shares of the financial services provider’s stock valued at $12,329,000 after buying an additional 496,218 shares during the period. State Street Corp raised its position in shares of Old Second Bancorp by 72.3% during the 2nd quarter. State Street Corp now owns 1,001,589 shares of the financial services provider’s stock valued at $13,401,000 after buying an additional 420,215 shares during the period. OLD Second National Bank of Aurora purchased a new stake in shares of Old Second Bancorp during the 3rd quarter valued at approximately $4,045,000. Finally, JPMorgan Chase & Co. raised its position in shares of Old Second Bancorp by 201.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 403,226 shares of the financial services provider’s stock valued at $5,395,000 after buying an additional 269,533 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Company Profile

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.