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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.6250.

Several brokerages have recently commented on OSBC. Keefe, Bruyette & Woods increased their price target on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th.

Insider Activity

In other news, insider Darin Patrick Campbell sold 31,159 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $17.89, for a total value of $557,434.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Old Second Bancorp

Institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of Old Second Bancorp during the first quarter worth approximately $5,593,000. Dynamic Technology Lab Private Ltd acquired a new position in Old Second Bancorp in the 1st quarter valued at approximately $668,000. Vanguard Group Inc. lifted its position in Old Second Bancorp by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider’s stock worth $45,118,000 after buying an additional 73,672 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Old Second Bancorp during the 1st quarter valued at $1,720,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Old Second Bancorp during the 1st quarter valued at $295,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.5%

Shares of NASDAQ:OSBC opened at $18.42 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $970.16 million, a price-to-earnings ratio of 12.20 and a beta of 0.86. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $19.46. The company has a 50 day moving average price of $17.87 and a 200 day moving average price of $17.70.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $95.88 million for the quarter, compared to analysts’ expectations of $80.45 million. Old Second Bancorp had a return on equity of 13.10% and a net margin of 18.89%. 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 company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, October 31st. Old Second Bancorp’s payout ratio is 18.54%.

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.