Old Second Bancorp Inc. (NASDAQ:OSBC) Director Barry Finn purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was bought at an average cost of $8.27 per share, with a total value of $82,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) opened at 8.13 on Tuesday. The stock’s 50 day moving average is $7.73 and its 200 day moving average is $7.25. Old Second Bancorp Inc. has a 52-week low of $5.98 and a 52-week high of $8.41. The company has a market capitalization of $240.27 million, a P/E ratio of 16.59 and a beta of 1.14.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Old Second Bancorp had a net margin of 15.53% and a return on equity of 9.42%. Equities analysts expect that Old Second Bancorp Inc. will post $0.54 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Spark Investment Management LLC purchased a new stake in Old Second Bancorp during the first quarter worth $137,000. Renaissance Technologies LLC raised its stake in shares of Old Second Bancorp by 7.8% in the first quarter. Renaissance Technologies LLC now owns 419,800 shares of the financial services provider’s stock worth $3,010,000 after buying an additional 30,200 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Old Second Bancorp by 3.3% in the first quarter. Geode Capital Management LLC now owns 168,515 shares of the financial services provider’s stock worth $1,208,000 after buying an additional 5,431 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Old Second Bancorp during the first quarter worth approximately $143,000. Finally, Boston Partners raised its stake in shares of Old Second Bancorp by 2.0% in the second quarter. Boston Partners now owns 437,470 shares of the financial services provider’s stock worth $2,988,000 after buying an additional 8,510 shares in the last quarter. Institutional investors and hedge funds own 66.10% of the company’s stock.
Several research firms have recently commented on OSBC. Keefe, Bruyette & Woods boosted their target price on shares of Old Second Bancorp from $7.50 to $8.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, August 3rd.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.
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