Old Second Bancorp Inc. (NASDAQ:OSBC)’s share price was down 1.2% on Wednesday . The company traded as low as $8.09 and last traded at $8.15, with a volume of 78,797 shares traded. The stock had previously closed at $8.25.
A number of equities analysts have weighed in on OSBC shares. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods increased their target price on shares of Old Second Bancorp from $7.00 to $7.50 and gave the stock a “market perform” rating in a research report on Thursday, July 28th.
The firm has a market capitalization of $240.87 million, a PE ratio of 16.63 and a beta of 1.14. The firm has a 50-day moving average price of $7.86 and a 200 day moving average price of $7.30.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Old Second Bancorp had a return on equity of 9.42% and a net margin of 15.53%. Equities research analysts expect that Old Second Bancorp Inc. will post $0.54 EPS for the current fiscal year.
In related news, Director Rocks Patti Temple purchased 6,000 shares of the stock in a transaction dated Monday, August 29th. The stock was purchased at an average price of $8.10 per share, with a total value of $48,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barry Finn purchased 10,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was bought at an average cost of $8.27 per share, with a total value of $82,700.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in Old Second Bancorp by 16.8% in the second quarter. GSA Capital Partners LLP now owns 14,600 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,100 shares in the last quarter. BlackRock Advisors LLC raised its position in Old Second Bancorp by 1.3% in the second quarter. BlackRock Advisors LLC now owns 15,294 shares of the financial services provider’s stock valued at $104,000 after buying an additional 194 shares in the last quarter. Spark Investment Management LLC bought a new position in Old Second Bancorp during the first quarter valued at about $137,000. Goldman Sachs Group Inc. bought a new position in Old Second Bancorp during the first quarter valued at about $143,000. Finally, Parametric Portfolio Associates LLC raised its position in Old Second Bancorp by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 26,901 shares of the financial services provider’s stock valued at $184,000 after buying an additional 3,292 shares in the last quarter. 66.10% of the stock is owned by hedge funds and other institutional investors.
Old Second Bancorp Company Profile
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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