Old Second Bancorp (NASDAQ:OSBC) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Old Second Bancorp (NASDAQ:OSBC) from a hold rating to a buy rating in a research note published on Thursday, March 15th.

Several other equities research analysts have also issued reports on the stock. Sandler O’Neill upgraded shares of Old Second Bancorp from a hold rating to a buy rating in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Old Second Bancorp from a buy rating to a hold rating in a research note on Tuesday, December 26th. ValuEngine lowered shares of Old Second Bancorp from a buy rating to a hold rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a market perform rating to an outperform rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $13.17.

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Shares of OSBC stock opened at $13.80 on Thursday. 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 has a 1 year low of $10.75 and a 1 year high of $15.00. The firm has a market capitalization of $421.64, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.

In other Old Second Bancorp news, Chairman William B. Skoglund sold 5,708 shares of Old Second Bancorp stock in a transaction on Friday, March 9th. The shares were sold at an average price of $14.56, for a total value of $83,108.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 15,306 shares of company stock worth $222,044 over the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $161,000. Kennedy Capital Management Inc. acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $166,000. Brandywine Global Investment Management LLC acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $188,000. MetLife Investment Advisors LLC acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $195,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $207,000. Institutional investors own 69.04% 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.

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