Old Second Bancorp, Inc. (NASDAQ:OSBC) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts have given Old Second Bancorp, Inc. a consensus rating of "Buy", with one hold and four buy recommendations, while the average 12-month price objective is $21.3750.
• Recent institutional activity includes significant stake increases by firms such as Goldman Sachs, which raised its stake in the company by 74.3%.
• A special dividend of $0.06 per share was paid on August 4th, representing a yield of 130.0% and a dividend payout ratio of 13.11%.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) have been assigned a consensus rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.3750.

Several equities research analysts recently issued reports on OSBC shares. Wall Street Zen cut Old Second Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. Piper Sandler reiterated an "overweight" rating and issued a $24.50 price objective (up from $22.00) on shares of Old Second Bancorp in a report on Wednesday, July 2nd. DA Davidson lifted their price objective on Old Second Bancorp from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Old Second Bancorp in a report on Saturday, September 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Old Second Bancorp by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider's stock worth $45,118,000 after purchasing an additional 73,672 shares in the last quarter. FJ Capital Management LLC lifted its stake in Old Second Bancorp by 1.5% in the 2nd quarter. FJ Capital Management LLC now owns 1,837,333 shares of the financial services provider's stock worth $32,594,000 after purchasing an additional 26,613 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider's stock worth $24,599,000 after purchasing an additional 630,265 shares in the last quarter. Davis Asset Management L.P. lifted its stake in Old Second Bancorp by 25.9% in the 2nd quarter. Davis Asset Management L.P. now owns 1,384,502 shares of the financial services provider's stock worth $24,561,000 after purchasing an additional 284,502 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Old Second Bancorp by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 1,227,462 shares of the financial services provider's stock worth $21,775,000 after purchasing an additional 87,721 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Price Performance

NASDAQ:OSBC opened at $17.26 on Monday. Old Second Bancorp has a 52 week low of $14.14 and a 52 week high of $19.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $908.74 million, a PE ratio of 9.43 and a beta of 0.80. The stock's 50-day moving average price is $17.75 and its 200-day moving average price is $17.13.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. The company had revenue of $75.13 million during the quarter, compared to analysts' expectations of $63.58 million. As a group, equities analysts expect that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, August 4th. Shareholders of record on Friday, July 25th were paid a $0.06 dividend. This represents a yield of 130.0%. The ex-dividend date of this dividend was Friday, July 25th. Old Second Bancorp's dividend payout ratio (DPR) is 13.11%.

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.

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