Old Second Bancorp Inc. (OSBC) Reaches New 12-Month High at $8.15
Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) reached a new 52-week high during trading on Monday . The company traded as high as $8.15 and last traded at $8.15, with a volume of 28,100 shares traded. The stock had previously closed at $7.98.
A number of analysts have commented on OSBC shares. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Old Second Bancorp from $7.50 to $8.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th.
The stock has a 50-day moving average of $7.42 and a 200 day moving average of $7.13. The firm has a market cap of $238.80 million and a P/E ratio of 16.49.
Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Equities analysts expect that Old Second Bancorp Inc. will post $0.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Friday, July 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, July 27th.
In other Old Second Bancorp news, CEO James Eccher purchased 10,000 shares of the stock in a transaction on Friday, June 17th. The shares were purchased at an average price of $7.08 per share, with a total value of $70,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.
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