Old Second Bancorp Inc. (NASDAQ:OSBC) Director James F. Tapscott bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average price of $13.38 per share, with a total value of $13,380.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.
James F. Tapscott also recently made the following trade(s):
- On Thursday, February 1st, James F. Tapscott bought 1,000 shares of Old Second Bancorp stock. The shares were bought at an average price of $14.25 per share, with a total value of $14,250.00.
Shares of Old Second Bancorp Inc. (NASDAQ OSBC) opened at $13.40 on Wednesday. Old Second Bancorp Inc. has a twelve month low of $10.10 and a twelve month high of $15.00. The firm has a market capitalization of $399.97, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.85 and a beta of 0.72. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.27 earnings per share for the quarter, beating 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 firm had revenue of $27.13 million during the quarter, compared to analysts’ expectations of $27.35 million. equities analysts anticipate that Old Second Bancorp Inc. will post 0.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 26th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. Old Second Bancorp’s dividend payout ratio is 5.19%.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Wednesday, October 25th. BidaskClub downgraded Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Sandler O’Neill raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.17.
A number of hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in Old Second Bancorp by 8.7% during the 2nd quarter. Voya Investment Management LLC now owns 24,645 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 1,965 shares in the last quarter. Northern Trust Corp increased its holdings in Old Second Bancorp by 1.1% during the 2nd quarter. Northern Trust Corp now owns 339,842 shares of the financial services provider’s stock valued at $3,925,000 after purchasing an additional 3,732 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Old Second Bancorp by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 181,604 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 5,318 shares in the last quarter. Teachers Advisors LLC increased its holdings in Old Second Bancorp by 11.7% during the 2nd quarter. Teachers Advisors LLC now owns 51,247 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 5,360 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Old Second Bancorp by 19.7% during the 4th quarter. LSV Asset Management now owns 33,264 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 5,464 shares in the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.
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About Old Second Bancorp
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.
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