Old Second Bancorp (NASDAQ:OSBC) Upgraded at Raymond James

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a $17.00 price target on the financial services provider's stock. Raymond James' target price suggests a potential upside of 25.46% from the stock's current price.

Old Second Bancorp Stock Performance

OSBC stock traded up $0.25 during mid-day trading on Thursday, hitting $13.55. The company had a trading volume of 235,361 shares, compared to its average volume of 174,347. The firm has a market cap of $607.05 million, a PE ratio of 6.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Old Second Bancorp has a 12 month low of $10.79 and a 12 month high of $16.76. The stock's fifty day moving average price is $13.52 and its two-hundred day moving average price is $14.17.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.12). The company had revenue of $69.96 million during the quarter, compared to the consensus estimate of $72.87 million. Old Second Bancorp had a return on equity of 17.52% and a net margin of 28.12%. On average, analysts forecast that Old Second Bancorp will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of Old Second Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. HighPoint Advisor Group LLC bought a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $197,000. Quadrature Capital Ltd bought a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $172,000. Vanguard Group Inc. raised its position in shares of Old Second Bancorp by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 2,378,028 shares of the financial services provider's stock valued at $36,717,000 after purchasing an additional 117,431 shares during the period. Wellington Management Group LLP raised its position in shares of Old Second Bancorp by 50.5% in the fourth quarter. Wellington Management Group LLP now owns 387,800 shares of the financial services provider's stock valued at $5,988,000 after purchasing an additional 130,200 shares during the period. Finally, Mendon Capital Advisors Corp bought a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $3,088,000. Institutional investors own 67.76% of the company's stock.

About Old Second Bancorp

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.