Old Second Bancorp (NASDAQ:OSBC) Downgraded by Wall Street Zen to "Sell"

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Stephens lowered their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.10.

Old Second Bancorp Trading Up 0.3%

Shares of Old Second Bancorp stock opened at $17.70 on Friday. The stock has a market capitalization of $797.56 million, a PE ratio of 9.67 and a beta of 0.81. Old Second Bancorp has a 52 week low of $14.14 and a 52 week high of $19.46. The stock has a 50 day moving average price of $16.54 and a two-hundred day moving average price of $17.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85.

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

Hedge Funds Weigh In On Old Second Bancorp

Several large investors have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Old Second Bancorp by 70.1% in the 4th 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 purchased a new position in Old Second Bancorp during the first quarter worth about $88,000. GAMMA Investing LLC grew its position in Old Second Bancorp by 4,125.0% in the 1st 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 in the last quarter. Quantbot Technologies LP increased its stake in Old Second Bancorp by 20.2% in the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after buying an additional 1,264 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its stake in Old Second Bancorp by 47.3% in the 4th quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after buying an additional 2,556 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.