Old Second Bancorp (NASDAQ:OSBC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.22 and traded as high as $18.02. Old Second Bancorp shares last traded at $17.86, with a volume of 662,957 shares trading hands.

Analysts Set New Price Targets

OSBC has been the subject of several research reports. Wall Street Zen cut Old Second Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Piper Sandler reissued an "overweight" rating and issued a $24.50 price objective (up from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of Old Second Bancorp in a research note on Wednesday, October 8th. Finally, DA Davidson raised their target price on Old Second Bancorp from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $21.38.

Old Second Bancorp Stock Performance

The stock has a market capitalization of $940.33 million, a P/E ratio of 11.83 and a beta of 0.80. The firm has a 50-day moving average of $17.84 and a 200 day moving average of $17.22. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. The company had revenue of $95.88 million during the quarter, compared to analysts' expectations of $80.45 million. Old Second Bancorp had a return on equity of 13.10% and a net margin of 18.89%. Research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Old Second Bancorp's dividend payout ratio (DPR) is presently 18.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas lifted its holdings in shares of Old Second Bancorp by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 41,578 shares of the financial services provider's stock valued at $738,000 after acquiring an additional 757 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Old Second Bancorp by 3.9% during the first quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider's stock valued at $361,000 after acquiring an additional 808 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Old Second Bancorp by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 60,674 shares of the financial services provider's stock valued at $1,076,000 after acquiring an additional 840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Old Second Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider's stock valued at $430,000 after acquiring an additional 1,067 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Old Second Bancorp by 3.1% during the first quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider's stock valued at $606,000 after acquiring an additional 1,109 shares during the period. 67.76% of the stock is 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.

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