Old Second Bancorp (OSBC) Cut to Hold at ValuEngine

Old Second Bancorp (NASDAQ:OSBC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, January 5th.

A number of other brokerages have also recently commented on OSBC. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Sandler O’Neill upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, BidaskClub lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $13.17.

Shares of Old Second Bancorp (OSBC) traded down $0.05 during trading hours on Friday, hitting $14.90. The company had a trading volume of 84,749 shares, compared to its average volume of 101,068. The stock has a market capitalization of $442.92, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. Old Second Bancorp has a one year low of $9.65 and a one year high of $15.00.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. analysts anticipate that Old Second Bancorp will post 0.79 earnings per share for the current year.

In other news, Director John Ladowicz sold 10,096 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total value of $145,382.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 10,996 shares of company stock worth $157,874 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Chicago Equity Partners LLC increased its holdings in shares of Old Second Bancorp by 0.5% in the second quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 265 shares during the last quarter. Rhumbline Advisers increased its stake in Old Second Bancorp by 2.2% during the second 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. Voya Investment Management LLC increased its stake in Old Second Bancorp by 8.7% during the second 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. Federated Investors Inc. PA increased its stake in Old Second Bancorp by 8.7% during the second quarter. Federated Investors Inc. PA now owns 38,176 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 3,043 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Old Second Bancorp by 1.1% during the second quarter. Northern Trust Corp now owns 339,842 shares of the financial services provider’s stock worth $3,925,000 after acquiring an additional 3,732 shares during the last quarter. 68.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Old Second Bancorp

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