Old Second Bancorp Inc. (OSBC) Trading Down 1.9%
Old Second Bancorp Inc. (NASDAQ:OSBC) dropped 1.9% on Monday . The stock traded as low as $6.69 and last traded at $6.70, with a volume of 83,647 shares changing hands. The stock had previously closed at $6.83.
Separately, Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The stock has a market cap of $198.01 million and a P/E ratio of 13.96. The firm’s 50 day moving average is $7.01 and its 200-day moving average is $7.02.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. On average, analysts forecast that Old Second Bancorp Inc. will post $0.50 earnings per share for the current year.
In related news, CEO James Eccher purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The stock was bought at an average cost of $7.08 per share, with a total value of $70,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Old Second Bancorp stock. Dimensional Fund Advisors LP increased its position in Old Second Bancorp Inc. (NASDAQ:OSBC) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,024,637 shares of the financial services provider’s stock after buying an additional 27,787 shares during the period. Dimensional Fund Advisors LP owned approximately 3.48% of Old Second Bancorp worth $8,033,000 at the end of the most recent reporting period.
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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