Old Second Bancorp (OSBC) Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Old Second Bancorp (NASDAQ:OSBC) from a buy rating to a hold rating in a report published on Wednesday morning.

OSBC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Old Second Bancorp from a hold rating to a sell rating in a research note on Tuesday, January 2nd. ValuEngine cut shares of Old Second Bancorp from a buy rating to a hold rating in a report on Friday, January 5th. Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a market perform rating to an outperform rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill upgraded shares of Old Second Bancorp from a hold rating to a buy rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Old Second Bancorp has an average rating of Hold and a consensus target price of $13.17.

How to Become a New Pot Stock Millionaire

Old Second Bancorp stock opened at $13.80 on Wednesday. The company has a market capitalization of $421.64, a PE ratio of 26.04, a P/E/G ratio of 1.94 and a beta of 0.83. Old Second Bancorp has a 1 year low of $10.75 and a 1 year high of $15.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

In related news, CEO William B. Skoglund sold 4,287 shares of Old Second Bancorp stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $14.41, for a total value of $61,775.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 15,306 shares of company stock valued at $222,044 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. LSV Asset Management grew its holdings in shares of Old Second Bancorp by 19.7% in the fourth quarter. LSV Asset Management now owns 33,264 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 5,464 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Old Second Bancorp by 10.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock valued at $864,000 after purchasing an additional 6,002 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Old Second Bancorp by 27.9% in the fourth quarter. Manchester Capital Management LLC now owns 34,419 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 7,500 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Old Second Bancorp by 27.7% in the third quarter. Prudential Financial Inc. now owns 39,650 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 8,610 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Old Second Bancorp by 11.8% in the third quarter. California Public Employees Retirement System now owns 87,997 shares of the financial services provider’s stock valued at $1,184,000 after purchasing an additional 9,297 shares in the last quarter. Hedge funds and other institutional investors own 69.04% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Old Second Bancorp (OSBC) Lowered to Hold at BidaskClub” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3340274/old-second-bancorp-osbc-lowered-to-hold-at-bidaskclub.html.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analyzing Gibraltar Industries  & Haynes International
Analyzing Gibraltar Industries & Haynes International
Contrasting Elekta  & Invitae
Contrasting Elekta & Invitae
Comparing Pacific Basin Ship  & Its Rivals
Comparing Pacific Basin Ship & Its Rivals
Medley Capital Corp  Expected to Post Quarterly Sales of $20.60 Million
Medley Capital Corp Expected to Post Quarterly Sales of $20.60 Million
Granite Price Reaches $0.0076
Granite Price Reaches $0.0076
Bitcoin 24-Hour Volume Tops $4.28 Billion
Bitcoin 24-Hour Volume Tops $4.28 Billion


Leave a Reply

© 2006-2018 Ticker Report. Google+.