Stephens Reiterates Overweight Rating for Old Second Bancorp (NASDAQ:OSBC)

Old Second Bancorp (NASDAQ:OSBC - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research note issued on Thursday,Benzinga reports. They presently have a $21.00 price target on the financial services provider's stock. Stephens' price objective suggests a potential upside of 14.01% from the stock's previous close.

A number of other research analysts have also recently commented on OSBC. DA Davidson set a $18.00 price target on Old Second Bancorp in a research note on Thursday, October 17th. Raymond James upgraded shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Piper Sandler boosted their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th.

Old Second Bancorp Price Performance

Shares of OSBC stock traded up $0.19 on Thursday, hitting $18.42. 175,595 shares of the company's stock were exchanged, compared to its average volume of 276,100. The company has a 50 day moving average of $18.19 and a 200 day moving average of $16.98. The stock has a market cap of $826.14 million, a P/E ratio of 9.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. Old Second Bancorp has a 12 month low of $13.00 and a 12 month high of $19.37.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, equities research analysts predict that Old Second Bancorp will post 1.86 EPS for the current year.

Insider Buying and Selling at Old Second Bancorp

In other news, Director Rocks Patti Temple acquired 5,625 shares of Old Second Bancorp stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $17.79 per share, with a total value of $100,068.75. Following the completion of the purchase, the director now owns 18,679 shares of the company's stock, valued at approximately $332,299.41. The trade was a 43.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Old Second Bancorp

A number of large investors have recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Old Second Bancorp in the fourth quarter valued at $96,000. Quantbot Technologies LP boosted its stake in Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 3,587 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Old Second Bancorp during the 3rd quarter worth approximately $101,000. CWM LLC raised its stake in shares of Old Second Bancorp by 36.3% in the third quarter. CWM LLC now owns 7,966 shares of the financial services provider's stock worth $124,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Old Second Bancorp in the third quarter worth approximately $158,000. 67.76% of the stock is currently 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.