Old Second Bancorp, Inc. (OSBC) – What Are Investment Firms Thinking About This Stock?

Old Second Bancorp, Inc. (NASDAQ:OSBC) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.20.

A number of research analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Zacks Research downgraded shares of Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. DA Davidson raised their price objective on shares of Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Raymond James Financial upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $27.00 to $30.00 in a research report on Tuesday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research report on Wednesday, August 26th.

Insider Activity at Old Second Bancorp

In related news, CEO James Eccher sold 55,687 shares of Old Second Bancorp stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $25.46, for a total transaction of $1,417,791.02. Following the completion of the transaction, the chief executive officer directly owned 322,712 shares of the company’s stock, valued at $8,216,247.52. This trade represents a 14.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Darin Campbell sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $25.53, for a total value of $612,720.00. Following the completion of the sale, the insider directly owned 250,589 shares in the company, valued at approximately $6,397,537.17. This represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 149,000 shares of company stock valued at $3,809,117 in the last three months. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Old Second Bancorp in the 4th quarter worth $27,000. Integrated Wealth Concepts LLC purchased a new stake in Old Second Bancorp in the 2nd quarter worth $44,000. Parallel Advisors LLC raised its holdings in Old Second Bancorp by 181.3% during the first quarter. Parallel Advisors LLC now owns 2,622 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,690 shares during the period. USA Financial Formulas bought a new stake in Old Second Bancorp during the third quarter valued at about $73,000. Finally, NewEdge Advisors LLC bought a new stake in Old Second Bancorp during the second quarter valued at about $202,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Price Performance

OSBC opened at $25.10 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 11.55 and a beta of 0.77. Old Second Bancorp has a 1 year low of $17.11 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $25.14 and its 200 day simple moving average is $23.31.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.22%. As a group, analysts predict that Old Second Bancorp will post 2.22 earnings per share for the current year.

About Old Second Bancorp

Old Second Bancorp, Inc (NASDAQ: OSBC) is a bank holding company headquartered in Aurora, Illinois. Through its principal subsidiary, Old Second National Bank, the company provides community banking services to individuals, families, businesses and institutions.

The bank offers a range of financial products and services, including commercial and residential real estate lending, business and consumer loans, checking and savings accounts, certificates of deposit, treasury management and online and mobile banking.