In yesterday’s Wall Street session, Old Second Bancorp Inc. (NASDAQ:OSBC) shares traded at $17.37, up 1.76% from the previous session.
OSBC stock price is now 20.11% away from the 50-day moving average and 21.35% away from the 200-day moving average. The market capitalization of the company currently stands at $787.56M.
With the price target maintained at $22, DA Davidson recently Upgraded its rating from Neutral to Buy for Old Second Bancorp Inc. (NASDAQ: OSBC). On September 23, 2020, Raymond James Upgraded its previous ‘Outperform’ rating to ‘Strong Buy’ on the stock keeping its target price maintained at $10, while ‘Piper Jaffray’ rates the stock as ‘Overweight’.
In other news, COLLINS GARY S, VICE CHAIRMAN bought 1,000 shares of the company’s stock on Sep 16. The stock was bought for $13,350 at an average price of $13.35. Upon completion of the transaction, the VICE CHAIRMAN now directly owns 126,857 shares in the company, valued at $2.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Director Finn Barry bought 4,000 shares of the business’s stock. A total of $56,720 was incurred on buying the stock at an average price of $14.18. This leaves the insider owning 75,660 shares of the company worth $1.31 million. Insiders disposed of 42,405 shares of company stock worth roughly $0.74 million over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OSBC stock. A new stake in Old Second Bancorp Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $8,196,000. SUMMERHAVEN INVESTMENT MANAGEMENT, LLC invested $923,000 in shares of OSBC during the first quarter. In the first quarter, HIGHTOWER ADVISORS, LLC acquired a new stake in Old Second Bancorp Inc. valued at approximately $855,000. SUMMIT GLOBAL INVESTMENTS acquired a new stake in OSBC for approximately $657,000. CORNERCAP INVESTMENT COUNSEL INC purchased a new stake in OSBC valued at around $633,000 in the second quarter. In total, there are 199 active investors with 67.70% ownership of the company’s stock.
During the past 12 months, Old Second Bancorp Inc. has had a low of $11.95 and a high of $17.43. The fifty day moving average price for OSBC is $14.46 and a two-hundred day moving average price translates $14.31 for the stock.
The latest earnings results from Old Second Bancorp Inc. (NASDAQ: OSBC) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $0.43, beating analysts’ expectations of $0.4 by 0.03. This compares to $0.29 EPS in the same period last year. The net profit margin was 19.30% and return on equity was 7.50% for OSBC. The company reported revenue of $58.01 million for the quarter, compared to $24.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 133.99 percent. For the current quarter, analysts expect OSBC to generate $70.42M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/07/2022. Investors who held shares on 10/28/2022 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 1.15% percent yield. There was an ex-dividend date of 10/27/2022 for this dividend. In terms of dividend payout ratio, OSBC is presently at 20.90%.
Old Second Bancorp Inc.(OSBC) Company Profile
Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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. Further, it provides safe deposit services; trust and wealth management services; and money orders, cashier’s checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. In addition, the company offers online and mobile banking; corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, foreign and domestic wire transfers, and vault services for currency and coin; and investment, agency, and custodial services for individual, corporate, and not-for-profit clients. It operates through 63 banking centers in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. Old Second Bancorp, Inc. was incorporated in 1981 and is headquartered in Aurora, Illinois.