Old Second Bancorp (NASDAQ:OSBC) Rating Reiterated by Stephens

Stephens reaffirmed their overweight rating on shares of Old Second Bancorp (NASDAQ:OSBC) in a research note published on Friday morning, Benzinga reports. Stephens currently has a $17.00 target price on the financial services provider’s stock.

Separately, Raymond James upgraded shares of Old Second Bancorp from an outperform rating to a strong-buy rating and set a $17.00 target price on the stock in a research report on Thursday, April 4th.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC opened at $14.50 on Friday. The business’s 50 day moving average is $13.53 and its 200-day moving average is $14.19. The firm has a market cap of $649.60 million, a P/E ratio of 7.36 and a beta of 1.10. Old Second Bancorp has a 1-year low of $10.79 and a 1-year high of $16.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. The firm had revenue of $83.83 million for the quarter, compared to analyst estimates of $69.50 million. Equities research analysts predict that Old Second Bancorp will post 1.88 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Institutional Investors Weigh In On Old Second Bancorp

A number of large investors have recently bought and sold shares of OSBC. Assenagon Asset Management S.A. lifted its holdings in shares of Old Second Bancorp by 476.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 157,496 shares of the financial services provider’s stock worth $2,432,000 after acquiring an additional 130,158 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Old Second Bancorp in the 3rd quarter valued at $1,564,000. Great Lakes Advisors LLC increased its stake in shares of Old Second Bancorp by 148.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 172,342 shares of the financial services provider’s stock valued at $2,346,000 after purchasing an additional 103,002 shares during the last quarter. OLD Second National Bank of Aurora acquired a new position in shares of Old Second Bancorp during the 3rd quarter worth $4,045,000. Finally, Swiss National Bank lifted its position in shares of Old Second Bancorp by 0.9% during the 3rd quarter. Swiss National Bank now owns 98,100 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 900 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

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.