Old Second Bancorp (NASDAQ:OSBC) Shares Pass Above 200-Day Moving Average of $14.21

Old Second Bancorp, Inc. (NASDAQ:OSBC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.21 and traded as high as $14.37. Old Second Bancorp shares last traded at $14.36, with a volume of 153,727 shares.

Analyst Upgrades and Downgrades

OSBC has been the topic of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a research report on Friday, April 19th. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Thursday, April 4th.

Old Second Bancorp Stock Performance

The stock has a market cap of $644.05 million, a price-to-earnings ratio of 7.29 and a beta of 1.08. The company’s fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $14.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $83.83 million during the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. On average, analysts forecast that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 26th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Old Second Bancorp’s payout ratio is 10.15%.

Insiders Place Their Bets

In other news, Vice Chairman Gary S. Collins sold 3,000 shares of Old Second Bancorp stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total transaction of $43,440.00. Following the sale, the insider now directly owns 89,893 shares in the company, valued at approximately $1,301,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Old Second Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSBC. Swiss National Bank lifted its holdings in Old Second Bancorp by 0.9% during the 3rd quarter. Swiss National Bank now owns 98,100 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 900 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Old Second Bancorp by 4.0% in the third quarter. Federated Hermes Inc. now owns 33,764 shares of the financial services provider’s stock worth $460,000 after buying an additional 1,313 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Old Second Bancorp by 86.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,464 shares during the period. New York State Common Retirement Fund grew its stake in Old Second Bancorp by 11.6% during the fourth quarter. New York State Common Retirement Fund now owns 16,574 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Old Second Bancorp during the 3rd quarter worth approximately $34,000. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.