Old Second Bancorp, Inc. (OSBC) Given $9.25 Consensus Target Price by Analysts

Old Second Bancorp, Inc. (OSBC) Given $9.25 Consensus Target Price by Analysts

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $9.25 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Old Second Bancorp an industry rank of 8 out of 265 based on the ratings given to its competitors.

OSBC has been the subject of several analyst reports. Zacks Investment Research lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. TheStreet lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 24th.

Institutional investors have recently modified their holdings of the stock. Thomson Horstmann & Bryant Inc. raised its position in shares of Old Second Bancorp by 5.5% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 1,538,442 shares of the financial services provider’s stock valued at $12,784,000 after buying an additional 80,581 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Old Second Bancorp during the second quarter valued at about $2,032,000. RMB Capital Management LLC raised its position in shares of Old Second Bancorp by 111.1% in the third quarter. RMB Capital Management LLC now owns 258,288 shares of the financial services provider’s stock valued at $2,146,000 after buying an additional 135,918 shares in the last quarter. Boston Partners raised its position in shares of Old Second Bancorp by 5.3% in the third quarter. Boston Partners now owns 460,760 shares of the financial services provider’s stock valued at $3,829,000 after buying an additional 23,290 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Old Second Bancorp by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 116,178 shares of the financial services provider’s stock valued at $793,000 after buying an additional 7,478 shares in the last quarter. Institutional investors and hedge funds own 67.09% of the company’s stock.

Shares of Old Second Bancorp (NASDAQ:OSBC) traded up 0.93% during trading on Friday, reaching $10.85. 3,374 shares of the company traded hands. The stock’s 50 day moving average price is $10.49 and its 200-day moving average price is $8.65. Old Second Bancorp has a 12 month low of $6.22 and a 12 month high of $11.64. The stock has a market cap of $320.66 million, a P/E ratio of 20.43 and a beta of 1.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Friday, January 27th will be given a $0.01 dividend. The ex-dividend date is Wednesday, January 25th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. Old Second Bancorp’s dividend payout ratio is presently 8.16%.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.

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