Old Second Bancorp Inc. (NASDAQ:OSBC) CEO James Eccher bought 1,000 shares of the stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $13.48 per share, for a total transaction of $13,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
OSBC opened at $13.38 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The stock has a market cap of $401.88 million, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.65 and a beta of 0.90. Old Second Bancorp Inc. has a 52-week low of $12.35 and a 52-week high of $16.30.
Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $31.55 million for the quarter, compared to analysts’ expectations of $32.15 million. Old Second Bancorp had a net margin of 17.04% and a return on equity of 16.05%. As a group, analysts expect that Old Second Bancorp Inc. will post 1.17 EPS for the current year.
Large investors have recently modified their holdings of the company. WBI Investments Inc. bought a new position in shares of Old Second Bancorp in the 2nd quarter worth approximately $366,000. Atria Investments LLC bought a new position in shares of Old Second Bancorp in the 3rd quarter worth approximately $285,000. Bank of America Corp DE lifted its stake in shares of Old Second Bancorp by 208.4% in the 2nd quarter. Bank of America Corp DE now owns 22,739 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 15,365 shares during the period. Blair William & Co. IL lifted its stake in shares of Old Second Bancorp by 21.6% in the 3rd quarter. Blair William & Co. IL now owns 113,891 shares of the financial services provider’s stock worth $1,760,000 after purchasing an additional 20,237 shares during the period. Finally, Martingale Asset Management L P lifted its stake in shares of Old Second Bancorp by 106.7% in the 2nd quarter. Martingale Asset Management L P now owns 162,582 shares of the financial services provider’s stock worth $2,342,000 after purchasing an additional 83,918 shares during the period. Hedge funds and other institutional investors own 69.85% of the company’s stock.
Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, November 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.00.
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About Old Second Bancorp
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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