Old Second Bancorp, Inc. (NASDAQ:OSBC) Receives Average Rating of “Moderate Buy” from Brokerages

Old Second Bancorp, Inc. (NASDAQ:OSBC) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.50.

OSBC has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Stephens started coverage on Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 price objective for the company.

Institutional Trading of Old Second Bancorp

Several large investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Old Second Bancorp by 67.8% in the first quarter. Janus Henderson Group PLC now owns 26,232 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 10,597 shares during the period. Amundi bought a new stake in shares of Old Second Bancorp in the first quarter worth $276,000. Empowered Funds LLC grew its holdings in shares of Old Second Bancorp by 6.1% in the first quarter. Empowered Funds LLC now owns 233,559 shares of the financial services provider’s stock worth $4,709,000 after acquiring an additional 13,438 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Old Second Bancorp by 58.8% in the first quarter. Quantinno Capital Management LP now owns 49,879 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 18,461 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Old Second Bancorp by 4.5% in the first quarter. Renaissance Technologies LLC now owns 90,225 shares of the financial services provider’s stock worth $1,819,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Price Performance

OSBC stock opened at $21.08 on Tuesday. Old Second Bancorp has a 1-year low of $16.21 and a 1-year high of $22.43. The business has a fifty day moving average price of $20.63 and a 200-day moving average price of $20.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $1.08 billion, a P/E ratio of 12.55 and a beta of 0.71.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.03). Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%.The business had revenue of $93.77 million during the quarter, compared to analysts’ expectations of $94.80 million. Equities analysts forecast that Old Second Bancorp will post 2.16 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Old Second Bancorp’s payout ratio is presently 16.67%.

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.