Brokerages Set Old Second Bancorp, Inc. (NASDAQ:OSBC) Price Target at $21.63

Old Second Bancorp, Inc. (NASDAQ:OSBC) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $21.6250.

A number of brokerages have recently commented on OSBC. Keefe, Bruyette & Woods upped their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th.

Insider Activity

In other news, insider Darin Patrick Campbell sold 31,159 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Old Second Bancorp

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider’s stock valued at $45,118,000 after buying an additional 73,672 shares in the last quarter. Nuveen LLC acquired a new stake in Old Second Bancorp in the 1st quarter valued at $5,593,000. American Century Companies Inc. increased its holdings in Old Second Bancorp by 9.7% in the 1st quarter. American Century Companies Inc. now owns 1,139,741 shares of the financial services provider’s stock worth $18,965,000 after acquiring an additional 101,246 shares in the last quarter. Quantbot Technologies LP raised its position in Old Second Bancorp by 50.4% during the first quarter. Quantbot Technologies LP now owns 11,322 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 3,794 shares during the period. Finally, Martingale Asset Management L P acquired a new position in Old Second Bancorp during the first quarter worth $1,720,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Down 1.1%

NASDAQ:OSBC opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The company’s fifty day moving average price is $19.03 and its 200-day moving average price is $18.21. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $20.96. The firm has a market capitalization of $1.05 billion, a P/E ratio of 13.18 and a beta of 0.83.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. Old Second Bancorp had a net margin of 18.89% and a return on equity of 12.34%. As a group, equities research analysts anticipate that Old Second Bancorp will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 31st were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. Old Second Bancorp’s payout ratio is presently 18.54%.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.