Brokerages Set Old Second Bancorp, Inc. (NASDAQ:OSBC) PT at $25.40

Old Second Bancorp, Inc. (NASDAQ:OSBC) has been given an average recommendation of “Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.40.

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research note on Monday, July 27th. Raymond James Financial started coverage on shares of Old Second Bancorp in a research report on Tuesday, July 7th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Zacks Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.

Old Second Bancorp Stock Down 0.4%

NASDAQ OSBC opened at $25.78 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. Old Second Bancorp has a 52 week low of $16.53 and a 52 week high of $26.04. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.82 and a beta of 0.70. The company has a fifty day moving average of $23.14 and a two-hundred day moving average of $21.42.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a return on equity of 12.85% and a net margin of 20.22%. On average, analysts predict that Old Second Bancorp will post 2.2 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 31st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, July 31st. Old Second Bancorp’s dividend payout ratio (DPR) is presently 16.09%.

Institutional Trading of Old Second Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of OSBC. Harbour Investments Inc. purchased a new stake in shares of Old Second Bancorp during the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its position in shares of Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,215 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Old Second Bancorp in the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust bought a new position in shares of Old Second Bancorp during the 4th quarter worth approximately $45,000. Finally, Clearstead Advisors LLC lifted its position in Old Second Bancorp by 793.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,159 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

About Old Second Bancorp

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.