Old Second Bancorp (NASDAQ:OSBC) Stock Rating Lowered by BidaskClub

Old Second Bancorp (NASDAQ:OSBC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

OSBC has been the subject of a number of other reports. Zacks Investment Research cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Raymond James set a $15.00 price target on shares of Old Second Bancorp and gave the stock a “buy” rating in a research note on Friday, April 26th. ValuEngine cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, FIG Partners raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.00.

OSBC stock opened at $12.39 on Tuesday. Old Second Bancorp has a 12 month low of $11.32 and a 12 month high of $16.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market cap of $370.76 million, a P/E ratio of 11.06, a PEG ratio of 1.37 and a beta of 1.00.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Old Second Bancorp had a return on equity of 15.76% and a net margin of 23.12%. The firm had revenue of $30.52 million for the quarter, compared to analysts’ expectations of $32.23 million. As a group, research analysts expect that Old Second Bancorp will post 1.26 earnings per share for the current year.

In other Old Second Bancorp news, EVP Keith Gottschalk sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $13.07, for a total value of $26,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.83% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in OSBC. Marshall Wace LLP purchased a new stake in Old Second Bancorp in the 1st quarter valued at about $60,000. Executive Wealth Management LLC purchased a new stake in Old Second Bancorp in the 4th quarter valued at about $62,000. Meeder Asset Management Inc. boosted its position in Old Second Bancorp by 41.2% in the 1st quarter. Meeder Asset Management Inc. now owns 5,633 shares of the financial services provider’s stock valued at $71,000 after buying an additional 1,644 shares during the period. BNP Paribas Arbitrage SA boosted its position in Old Second Bancorp by 499.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock valued at $76,000 after buying an additional 5,038 shares during the period. Finally, Ramsey Quantitative Systems boosted its position in Old Second Bancorp by 83.9% in the 4th quarter. Ramsey Quantitative Systems now owns 6,436 shares of the financial services provider’s stock valued at $84,000 after buying an additional 2,936 shares during the period. 68.72% of the stock is owned by institutional investors.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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