Old Second Bancorp’s (OSBC) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Old Second Bancorp (NASDAQ:OSBC) in a report released on Thursday morning,Benzinga reports. They currently have a $21.00 price objective on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. DA Davidson set a $18.00 price objective on Old Second Bancorp in a report on Thursday, October 17th. Piper Sandler increased their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th.

Old Second Bancorp Trading Down 2.4 %

Shares of OSBC opened at $18.23 on Thursday. Old Second Bancorp has a 1-year low of $13.00 and a 1-year high of $19.37. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $18.20 and its 200-day moving average price is $16.94. The firm has a market capitalization of $817.67 million, a price-to-earnings ratio of 9.85 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. Sell-side analysts anticipate that Old Second Bancorp will post 1.95 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. Old Second Bancorp’s payout ratio is presently 12.83%.

Insider Transactions at Old Second Bancorp

In other news, Director Rocks Patti Temple acquired 5,625 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the acquisition, the director now directly owns 18,679 shares in the company, valued at approximately $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Institutional Trading of Old Second Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new position in Old Second Bancorp in the 4th quarter worth about $96,000. Hunter Perkins Capital Management LLC raised its holdings in shares of Old Second Bancorp by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 2,095 shares during the last quarter. SG Americas Securities LLC lifted its position in Old Second Bancorp by 26.5% during the fourth quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 7,068 shares during the period. JPMorgan Chase & Co. boosted its holdings in Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after purchasing an additional 153,187 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Old Second Bancorp by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 3,313 shares during the period. Institutional investors own 67.76% of the company’s stock.

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.