BidaskClub Upgrades Old Second Bancorp (OSBC) to “Hold”

Old Second Bancorp (NASDAQ:OSBC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday, February 10th.

A number of other analysts also recently issued reports on OSBC. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Sandler O’Neill upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.17.

Shares of Old Second Bancorp (NASDAQ:OSBC) opened at $14.05 on Friday. Old Second Bancorp has a 1-year low of $10.10 and a 1-year high of $15.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51. The company has a market cap of $416.26, a PE ratio of 18.25, a PEG ratio of 1.92 and a beta of 0.72.

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its position in Old Second Bancorp by 440.1% during the second quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 10,008 shares during the period. Virtu KCG Holdings LLC bought a new position in shares of Old Second Bancorp in the second quarter valued at approximately $161,000. Stone Ridge Asset Management LLC bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $161,000. Kennedy Capital Management Inc. bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $166,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $188,000. Hedge funds and other institutional investors own 68.29% of the company’s stock.

WARNING: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/19/bidaskclub-upgrades-old-second-bancorp-osbc-to-hold.html.

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.

Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply