ValuEngine Downgrades Old Second Bancorp (OSBC) to Hold

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

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, January 4th. 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 note on Thursday, December 14th. Finally, BidaskClub downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.17.

Shares of Old Second Bancorp (NASDAQ:OSBC) traded down $0.05 during trading hours on Friday, reaching $14.40. The company’s stock had a trading volume of 50,975 shares, compared to its average volume of 81,073. Old Second Bancorp has a fifty-two week low of $10.10 and a fifty-two week high of $15.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The stock has a market cap of $428.11, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. The business had revenue of $27.13 million during the quarter, compared to analyst estimates of $27.35 million. sell-side analysts anticipate that Old Second Bancorp will post 0.79 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Bowling Portfolio Management LLC bought a new position in shares of Old Second Bancorp during the 4th quarter valued at approximately $984,000. Schwab Charles Investment Management Inc. grew its stake in shares of Old Second Bancorp by 10.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock valued at $864,000 after acquiring an additional 6,002 shares during the period. Thomson Horstmann & Bryant Inc. lifted its holdings in Old Second Bancorp by 2.2% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 1,401,108 shares of the financial services provider’s stock worth $19,125,000 after purchasing an additional 30,511 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Old Second Bancorp in the 3rd quarter worth approximately $447,000. Finally, California Public Employees Retirement System lifted its holdings in Old Second Bancorp by 11.8% in the 3rd quarter. California Public Employees Retirement System now owns 87,997 shares of the financial services provider’s stock worth $1,184,000 after purchasing an additional 9,297 shares in the last quarter. Institutional investors own 68.38% of the company’s stock.

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Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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