Old Second Bancorp, Inc. (NASDAQ:OSBC) hit a new 52-week high and low during trading on Friday . The stock traded as low as $15.10 and last traded at $15.02, with a volume of 457 shares. The stock had previously closed at $14.95.
Several equities research analysts have commented on OSBC shares. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Old Second Bancorp currently has a consensus rating of “Buy” and an average price target of $13.83.
The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $446.20 million, a PE ratio of 18.07, a PEG ratio of 1.94 and a beta of 0.75.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.08. Old Second Bancorp had a return on equity of 15.06% and a net margin of 16.78%. equities research analysts forecast that Old Second Bancorp, Inc. will post 1.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 7th. Shareholders of record on Friday, April 27th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, April 26th. This represents a $0.04 annualized dividend and a yield of 0.27%. Old Second Bancorp’s payout ratio is presently 4.94%.
In other Old Second Bancorp news, Chairman William B. Skoglund sold 5,708 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $14.56, for a total transaction of $83,108.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 15,906 shares of company stock worth $230,644. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Banc Funds Co. LLC raised its holdings in Old Second Bancorp by 3.0% during the 4th quarter. Banc Funds Co. LLC now owns 2,517,384 shares of the financial services provider’s stock worth $34,362,000 after buying an additional 73,000 shares during the period. BlackRock Inc. increased its holdings in shares of Old Second Bancorp by 1.5% in the 4th quarter. BlackRock Inc. now owns 1,940,774 shares of the financial services provider’s stock valued at $26,492,000 after purchasing an additional 28,031 shares during the period. Thomson Horstmann & Bryant Inc. increased its holdings in shares of Old Second Bancorp by 1.0% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 1,414,978 shares of the financial services provider’s stock valued at $19,668,000 after purchasing an additional 13,870 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Old Second Bancorp by 7.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,018,700 shares of the financial services provider’s stock valued at $13,905,000 after purchasing an additional 69,300 shares during the period. Finally, Maltese Capital Management LLC increased its holdings in shares of Old Second Bancorp by 124.5% in the 1st quarter. Maltese Capital Management LLC now owns 820,000 shares of the financial services provider’s stock valued at $11,398,000 after purchasing an additional 454,700 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.
About Old Second Bancorp
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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