Old Second Bancorp (NASDAQ:OSBC) Shares Cross Above 200 Day Moving Average of $14.21

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.21 and traded as high as $14.37. Old Second Bancorp shares last traded at $14.36, with a volume of 153,727 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OSBC shares. 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 report on Thursday, April 4th. Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of Old Second Bancorp in a research note on Friday, April 19th.

Old Second Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $644.05 million, a PE ratio of 7.29 and a beta of 1.08. The firm has a fifty day moving average price of $13.64 and a two-hundred day moving average price of $14.22.

Old Second Bancorp (NASDAQ:OSBC) last released 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). The business had revenue of $83.83 million during the quarter, compared to analysts’ expectations of $69.50 million. Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. Research analysts expect that Old Second Bancorp, Inc. will post 1.91 EPS for the current year.

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Old Second Bancorp’s payout ratio is 10.15%.

Insiders Place Their Bets

In other Old Second Bancorp news, Vice Chairman Gary S. Collins sold 3,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total value of $43,440.00. Following the completion of the sale, the insider now directly owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Old Second Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Old Second Bancorp by 45.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,147 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 4,767 shares during the period. Inspire Investing LLC bought a new stake in Old Second Bancorp during the 3rd quarter valued at $638,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Old Second Bancorp by 86.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,464 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Old Second Bancorp in the 3rd quarter worth $372,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Old Second Bancorp during the 3rd quarter worth $34,000. 67.76% of the stock is owned by hedge funds and other 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.