Old Second Bancorp (NASDAQ:OSBC) PT Raised to $14.00

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Old Second Bancorp (NASDAQ:OSBC) had its price target raised by investment analysts at Raymond James from $13.50 to $14.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective suggests a potential upside of 8.44% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. ValuEngine raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson reaffirmed a “neutral” rating on shares of Old Second Bancorp in a research report on Monday, November 18th. Piper Jaffray Companies assumed coverage on Old Second Bancorp in a report on Thursday, December 19th. They issued an “overweight” rating and a $15.00 target price on the stock. Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Finally, BidaskClub lowered Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.33.

OSBC opened at $12.91 on Friday. The company’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $12.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.88. Old Second Bancorp has a 1 year low of $11.24 and a 1 year high of $14.80. The stock has a market capitalization of $394.42 million, a PE ratio of 9.93 and a beta of 1.07.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $32.43 million during the quarter, compared to analyst estimates of $33.03 million. Old Second Bancorp had a net margin of 26.06% and a return on equity of 15.36%. As a group, sell-side analysts expect that Old Second Bancorp will post 1.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in shares of Old Second Bancorp by 115.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,140 shares in the last quarter. Bank of Montreal Can increased its holdings in Old Second Bancorp by 299.8% in the 2nd quarter. Bank of Montreal Can now owns 3,198 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,398 shares in the last quarter. Marshall Wace LLP acquired a new stake in Old Second Bancorp in the 1st quarter valued at $60,000. Susquehanna International Group LLP purchased a new position in Old Second Bancorp in the second quarter valued at about $129,000. Finally, Patriot Financial Partners GP LP purchased a new position in Old Second Bancorp in the third quarter valued at about $134,000. Institutional investors own 70.07% of the company’s stock.

Old Second Bancorp Company Profile

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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