Old Second Bancorp (NASDAQ:OSBC) was upgraded by stock analysts at TheStreet from a "c+" rating to a "b-" rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.
A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of Old Second Bancorp from a "hold" rating to a "buy" rating in a report on Thursday. Piper Sandler cut their price target on shares of Old Second Bancorp from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. Raymond James upped their price target on shares of Old Second Bancorp from $10.00 to $12.00 and gave the stock a "strong-buy" rating in a report on Friday, October 23rd. Finally, Zacks Investment Research downgraded shares of Old Second Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of "Buy" and an average target price of $11.25.
Shares of NASDAQ:OSBC opened at $8.81 on Tuesday. The company's 50 day moving average price is $8.41 and its two-hundred day moving average price is $7.92. Old Second Bancorp has a 12-month low of $5.96 and a 12-month high of $13.77. The firm has a market cap of $260.68 million, a PE ratio of 8.55 and a beta of 1.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.34.
Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.11. Old Second Bancorp had a net margin of 21.03% and a return on equity of 14.06%. On average, research analysts expect that Old Second Bancorp will post 1 EPS for the current year.
A number of large investors have recently modified their holdings of OSBC. Nisa Investment Advisors LLC increased its position in Old Second Bancorp by 197.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,765 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 4,490 shares during the period. BNP Paribas Arbitrage SA increased its position in Old Second Bancorp by 341.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,283 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 5,635 shares during the period. Marshall Wace LLP acquired a new position in Old Second Bancorp in the 1st quarter valued at approximately $60,000. AE Wealth Management LLC acquired a new position in Old Second Bancorp in the 2nd quarter valued at approximately $86,000. Finally, Principal Financial Group Inc. acquired a new position in Old Second Bancorp in the 2nd quarter valued at approximately $98,000. 71.82% of the stock is owned by institutional investors and hedge funds.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides a range of banking services. The company provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers 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.
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