Old Second Bancorp Inc. (OSBC) Hits New 52-Week High at $8.15
Old Second Bancorp Inc. (NASDAQ:OSBC)’s share price hit a new 52-week high on Monday . The company traded as high as $8.15 and last traded at $8.15, with a volume of 28,100 shares. The stock had previously closed at $7.98.
A number of equities analysts have recently weighed in on OSBC shares. Keefe, Bruyette & Woods boosted their target price on Old Second Bancorp from $7.00 to $7.50 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Wednesday, August 3rd.
The company’s 50-day moving average is $7.49 and its 200-day moving average is $7.16. The stock has a market cap of $239.68 million and a price-to-earnings ratio of 16.55.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Analysts expect that Old Second Bancorp Inc. will post $0.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Friday, July 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other Old Second Bancorp news, CEO James Eccher bought 10,000 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was acquired at an average price of $7.08 per share, with a total value of $70,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rocks Patti Temple bought 6,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were acquired at an average cost of $8.10 per share, with a total value of $48,600.00. The disclosure for this purchase can be found here.
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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