Old Second Bancorp Inc. (NASDAQ:OSBC) was the recipient of a large decline in short interest in November. As of November 29th, there was short interest totalling 214,200 shares, a decline of 16.0% from the November 14th total of 254,900 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 66,000 shares, the short-interest ratio is presently 3.2 days.
Shares of Old Second Bancorp stock traded down $0.08 on Friday, hitting $12.66. The company’s stock had a trading volume of 85,937 shares, compared to its average volume of 61,159. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.88. Old Second Bancorp has a 1 year low of $11.24 and a 1 year high of $14.80. The firm has a fifty day moving average price of $12.44 and a 200-day moving average price of $12.37. The company has a market capitalization of $375.88 million, a price-to-earnings ratio of 11.30 and a beta of 1.03.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.09. Old Second Bancorp had a return on equity of 15.42% and a net margin of 25.69%. The company had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $33.15 million. As a group, analysts forecast that Old Second Bancorp will post 1.29 EPS for the current year.
OSBC has been the subject of several recent analyst reports. BidaskClub upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson restated a “neutral” rating on shares of Old Second Bancorp in a research note on Monday, November 18th. ValuEngine upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, December 5th. Finally, Raymond James set a $14.00 price target on Old Second Bancorp and gave the company a “buy” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Old Second Bancorp currently has an average rating of “Buy” and an average target price of $14.00.
A number of hedge funds have recently bought and sold shares of OSBC. Marshall Wace LLP acquired a new stake in Old Second Bancorp in the 1st quarter worth about $60,000. Aperio Group LLC acquired a new stake in Old Second Bancorp in the 2nd quarter worth about $66,000. Advisor Group Inc. boosted its holdings in Old Second Bancorp by 1,174.2% in the 2nd quarter. Advisor Group Inc. now owns 12,742 shares of the financial services provider’s stock worth $163,000 after buying an additional 11,742 shares during the last quarter. Kavar Capital Partners LLC acquired a new stake in Old Second Bancorp in the 2nd quarter worth about $77,000. Finally, Comerica Bank boosted its holdings in Old Second Bancorp by 18.2% in the 2nd quarter. Comerica Bank now owns 91,901 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 14,146 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.
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