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

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.6250.

A number of equities analysts have recently weighed in on the company. DA Davidson increased their price target on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a report 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.

Old Second Bancorp Trading Up 0.8%

Shares of Old Second Bancorp stock opened at $20.05 on Thursday. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $22.00. The stock has a market cap of $1.06 billion, a P/E ratio of 12.30 and a beta of 0.79. The stock’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $19.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $95.20 million during the quarter, compared to analyst estimates of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. Analysts predict that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were issued a $0.07 dividend. 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 dividend payout ratio (DPR) is 17.18%.

Insider Buying and Selling at Old Second Bancorp

In related news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $20.98, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Darin Patrick Campbell sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total transaction of $732,900.00. Following the sale, the insider owned 274,589 shares in the company, valued at $5,749,893.66. This trade represents a 11.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,091 shares of company stock valued at $776,744. Company insiders own 3.80% of the company’s stock.

Institutional Trading of Old Second Bancorp

Several hedge funds have recently added to or reduced their stakes in OSBC. Invesco Ltd. lifted its stake in shares of Old Second Bancorp by 4.6% in the fourth quarter. Invesco Ltd. now owns 80,545 shares of the financial services provider’s stock valued at $1,571,000 after purchasing an additional 3,544 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Old Second Bancorp by 11.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,445 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 1,520 shares in the last quarter. Empowered Funds LLC grew its holdings in Old Second Bancorp by 10.9% in the fourth quarter. Empowered Funds LLC now owns 220,121 shares of the financial services provider’s stock valued at $4,292,000 after purchasing an additional 21,573 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Old Second Bancorp by 521.2% in the fourth quarter. Wellington Management Group LLP now owns 969,708 shares of the financial services provider’s stock valued at $18,909,000 after buying an additional 813,600 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Old Second Bancorp during the 4th quarter valued at about $6,114,000. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Company Profile

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.