Old Second Bancorp, Inc. (NASDAQ:OSBC) Receives Average Recommendation of "Buy" from Brokerages

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) have been given a consensus recommendation of "Buy" by the five brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.10.

OSBC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Stephens lowered their price objective on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, April 25th.

Old Second Bancorp Trading Up 3.2%

Shares of NASDAQ:OSBC traded up $0.57 during trading on Friday, reaching $18.31. The stock had a trading volume of 250,423 shares, compared to its average volume of 256,635. Old Second Bancorp has a 52 week low of $14.14 and a 52 week high of $19.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The firm's fifty day moving average is $16.66 and its 200 day moving average is $17.13. The stock has a market cap of $825.09 million, a price-to-earnings ratio of 9.97 and a beta of 0.81.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $60.00 million. Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%. As a group, equities analysts forecast that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp's payout ratio is currently 13.11%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quarry LP increased its position in shares of Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock worth $42,000 after acquiring an additional 974 shares in the last quarter. Strs Ohio bought a new stake in Old Second Bancorp during the 1st quarter worth approximately $88,000. GAMMA Investing LLC raised its stake in shares of Old Second Bancorp by 4,125.0% in the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider's stock worth $90,000 after purchasing an additional 5,280 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Old Second Bancorp by 20.2% in the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 2,556 shares in the last quarter. Institutional investors and hedge funds 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.