Old Second Bancorp (OSBC) Upgraded to “Outperform” at Keefe, Bruyette & Woods

Old Second Bancorp (NASDAQ:OSBC) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday.

A number of other research analysts have also recently commented on the company. Sandler O’Neill raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. BidaskClub cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Saturday, September 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Old Second Bancorp currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Shares of Old Second Bancorp (NASDAQ OSBC) opened at $13.75 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp has a 12-month low of $9.65 and a 12-month high of $14.90. The stock has a market capitalization of $404.41, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.27 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. analysts expect that Old Second Bancorp will post 0.81 EPS for the current fiscal year.

In related news, Director John Ladowicz sold 10,096 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total value of $145,382.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 10,996 shares of company stock worth $157,874. 3.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Old Second Bancorp by 1.1% during the second quarter. Vanguard Group Inc. now owns 978,261 shares of the financial services provider’s stock valued at $11,299,000 after buying an additional 10,520 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Old Second Bancorp by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 579,229 shares of the financial services provider’s stock valued at $6,690,000 after buying an additional 12,093 shares during the last quarter. Boston Partners grew its stake in shares of Old Second Bancorp by 52.8% during the third quarter. Boston Partners now owns 563,600 shares of the financial services provider’s stock valued at $7,580,000 after buying an additional 194,800 shares during the last quarter. State Street Corp grew its stake in shares of Old Second Bancorp by 18.5% during the second quarter. State Street Corp now owns 507,780 shares of the financial services provider’s stock valued at $5,864,000 after buying an additional 79,413 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Old Second Bancorp by 89.4% during the third 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 during the last quarter. 68.27% of the stock is currently owned by hedge funds and other institutional investors.

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Old Second Bancorp Company Profile

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