ValuEngine lowered shares of Old Second Bancorp (NASDAQ:OSBC) from a buy rating to a hold rating in a report issued on Friday.

Several other brokerages also recently weighed in on OSBC. Zacks Investment Research raised shares of Old Second Bancorp from a hold rating to a strong-buy rating and set a $16.00 price target on the stock in a report on Wednesday, October 25th. Keefe, Bruyette & Woods raised shares of Old Second Bancorp from a market perform rating to an outperform rating in a report on Wednesday, January 3rd. BidaskClub downgraded shares of Old Second Bancorp from a buy rating to a hold rating in a report on Saturday, December 9th. Finally, Sandler O’Neill raised shares of Old Second Bancorp from a hold rating to a buy rating in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $13.17.

Old Second Bancorp (NASDAQ:OSBC) traded down $0.05 during trading hours on Friday, hitting $14.55. 65,100 shares of the stock traded hands, compared to its average volume of 113,760. Old Second Bancorp has a 12-month low of $9.65 and a 12-month high of $14.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $431.07, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. equities research analysts expect that Old Second Bancorp will post 0.79 earnings per share for the current fiscal year.

In related news, Director John Ladowicz sold 10,096 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $14.40, for a total value of $145,382.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 10,996 shares of company stock valued at $157,874. 3.20% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its position in shares of Old Second Bancorp by 37.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,224 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 15,600 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Old Second Bancorp by 93.5% during the 2nd quarter. Prudential Financial Inc. now owns 31,040 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 15,000 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Old Second Bancorp during the 3rd quarter worth approximately $1,135,000. Boston Partners grew its stake in shares of Old Second Bancorp by 52.8% during the 3rd quarter. Boston Partners now owns 563,600 shares of the financial services provider’s stock worth $7,580,000 after purchasing an additional 194,800 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Old Second Bancorp by 89.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 448,154 shares of the financial services provider’s stock valued at $6,028,000 after buying an additional 211,500 shares in the last quarter. 68.27% of the stock is owned by institutional investors and hedge funds.

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Old Second Bancorp Company Profile

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