Old Second Bancorp (NASDAQ:OSBC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.32 and traded as high as $20.89. Old Second Bancorp shares last traded at $20.76, with a volume of 277,599 shares trading hands.

Analyst Upgrades and Downgrades

OSBC has been the topic of a number of research reports. Stephens initiated coverage on Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 price objective on the stock. DA Davidson increased their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.38.

Old Second Bancorp Stock Up 1.2%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.12 billion, a PE ratio of 13.00 and a beta of 0.74. The business has a 50 day moving average price of $20.12 and a 200 day moving average price of $19.35.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.00%.The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $82.49 million. Equities research analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, January 30th were paid a $0.07 dividend. The ex-dividend date was Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Old Second Bancorp’s dividend payout ratio is presently 17.18%.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $20.98, for a total transaction of $41,960.00. Following the transaction, the executive vice president owned 24,874 shares in the company, valued at approximately $521,856.52. This represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darin Patrick Campbell sold 35,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total value of $732,900.00. Following the transaction, the insider owned 274,589 shares in the company, valued at $5,749,893.66. This represents a 11.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,091 shares of company stock worth $776,744 in the last 90 days. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Old Second Bancorp

Hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. purchased a new position in Old Second Bancorp during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its position in Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,215 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Old Second Bancorp during the fourth quarter worth approximately $27,000. State of Alaska Department of Revenue purchased a new position in Old Second Bancorp during the third quarter worth approximately $30,000. Finally, Parkside Financial Bank & Trust purchased a new position in Old Second Bancorp during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

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.