Analysts’ Weekly Ratings Updates for Old Second Bancorp (OSBC)

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A number of firms have modified their ratings and price targets on shares of Old Second Bancorp (NASDAQ: OSBC) recently:

  • 5/3/2019 – Old Second Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “
  • 4/30/2019 – Old Second Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/29/2019 – Old Second Bancorp was upgraded by analysts at FIG Partners from a “market perform” rating to an “outperform” rating.
  • 4/27/2019 – Old Second Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “
  • 4/26/2019 – Old Second Bancorp was given a new $15.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 4/8/2019 – Old Second Bancorp is now covered by analysts at Raymond James. They set an “outperform” rating and a $15.00 price target on the stock.
  • 4/5/2019 – Old Second Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/22/2019 – Old Second Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/20/2019 – Old Second Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

NASDAQ OSBC opened at $12.84 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. Old Second Bancorp Inc. has a 52 week low of $11.32 and a 52 week high of $16.30. The company has a market cap of $381.18 million, a price-to-earnings ratio of 11.46, a PEG ratio of 1.45 and a beta of 0.96.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Old Second Bancorp had a return on equity of 15.76% and a net margin of 23.12%. As a group, research analysts expect that Old Second Bancorp Inc. will post 1.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 26th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 3.57%.

In other Old Second Bancorp news, EVP Keith Gottschalk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $13.07, for a total transaction of $26,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.28% of the company’s stock.

Several institutional investors have recently modified their holdings of OSBC. Dimensional Fund Advisors LP boosted its holdings in shares of Old Second Bancorp by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,075,432 shares of the financial services provider’s stock valued at $13,540,000 after buying an additional 92,541 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Old Second Bancorp by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,101,925 shares of the financial services provider’s stock valued at $13,873,000 after buying an additional 87,200 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Old Second Bancorp by 1,234.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 90,226 shares of the financial services provider’s stock valued at $1,394,000 after buying an additional 83,465 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Old Second Bancorp in the 4th quarter valued at $848,000. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Old Second Bancorp by 12.8% in the 1st quarter. Kennedy Capital Management Inc. now owns 509,950 shares of the financial services provider’s stock valued at $6,420,000 after buying an additional 57,991 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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