Old Second Bancorp, Inc. (OSBC) Receives $13.50 Consensus Target Price from Brokerages

Old Second Bancorp, Inc. (NASDAQ:OSBC) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.50.

OSBC has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.50 target price on shares of Old Second Bancorp in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. DA Davidson initiated coverage on shares of Old Second Bancorp in a report on Friday, September 1st. They set a “neutral” rating and a $13.00 target price for the company. Finally, ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st.



Shares of Old Second Bancorp (NASDAQ:OSBC) traded up $0.05 on Wednesday, reaching $12.65. 51,535 shares of the company’s stock traded hands, compared to its average volume of 72,588. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51. Old Second Bancorp has a twelve month low of $8.55 and a twelve month high of $14.90. The stock has a market capitalization of $374.78, a price-to-earnings ratio of 20.24, a PEG ratio of 2.21 and a beta of 1.34.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. analysts anticipate that Old Second Bancorp will post 0.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Friday, October 27th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. Old Second Bancorp’s payout ratio is 5.33%.

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In related news, Director John Ladowicz sold 10,096 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $14.40, for a total value of $145,382.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William B. Skoglund sold 5,450 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total transaction of $66,217.50. The disclosure for this sale can be found here. Insiders have sold 49,346 shares of company stock valued at $623,302 over the last quarter. Company insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC raised its holdings in Old Second Bancorp by 0.5% in the 2nd quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock worth $626,000 after acquiring an additional 265 shares during the last quarter. Rhumbline Advisers raised its holdings in Old Second Bancorp by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 34,251 shares of the financial services provider’s stock worth $396,000 after acquiring an additional 725 shares during the last quarter. Prudential Financial Inc. raised its holdings in Old Second Bancorp by 7.4% in the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,100 shares during the last quarter. American International Group Inc. raised its holdings in Old Second Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Old Second Bancorp by 8.7% in the 2nd quarter. Voya Investment Management LLC now owns 24,645 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 1,965 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

About Old Second Bancorp

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