Analysts Set Old Second Bancorp, Inc. (NASDAQ:OSBC) PT at $21.63

Old Second Bancorp, Inc. (NASDAQ:OSBC) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.6250.

Several research analysts have commented on the stock. DA Davidson lifted their price target on shares of Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, October 24th.

Old Second Bancorp Price Performance

OSBC opened at $17.95 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $945.07 million, a P/E ratio of 11.89 and a beta of 0.80. The stock has a 50-day moving average price of $17.93 and a 200-day moving average price of $17.42. Old Second Bancorp has a 12-month low of $14.14 and a 12-month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $95.88 million for the quarter, compared to analysts’ expectations of $80.45 million. Old Second Bancorp had a return on equity of 13.10% and a net margin of 18.89%. Equities analysts predict that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 31st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, October 31st. Old Second Bancorp’s dividend payout ratio (DPR) is presently 18.54%.

Institutional Trading of Old Second Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in Old Second Bancorp by 74.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after buying an additional 630,265 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Old Second Bancorp by 93.3% in the second quarter. Kennedy Capital Management LLC now owns 996,992 shares of the financial services provider’s stock valued at $17,687,000 after acquiring an additional 481,302 shares during the period. River Street Advisors LLC purchased a new position in shares of Old Second Bancorp in the third quarter valued at about $6,637,000. Nuveen LLC bought a new position in shares of Old Second Bancorp during the first quarter valued at about $5,593,000. Finally, Stieven Capital Advisors L.P. boosted its holdings in shares of Old Second Bancorp by 74.3% during the first quarter. Stieven Capital Advisors L.P. now owns 716,228 shares of the financial services provider’s stock worth $11,918,000 after purchasing an additional 305,420 shares during the period. Hedge funds and other 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.