Old Second Bancorp Inc. (OSBC) Sets New 12-Month High at $8.29

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Old Second Bancorp Inc. (NASDAQ:OSBC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $8.29 and last traded at $8.24, with a volume of 26,484 shares traded. The stock had previously closed at $8.09.
OSBC has been the subject of a number of analyst reports. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods boosted their price objective on 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.
The firm has a market capitalization of $243.52 million and a PE ratio of 16.82. The firm has a 50 day moving average of $7.64 and a 200-day moving average of $7.21.

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Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. On average, equities analysts forecast that Old Second Bancorp Inc. will post $0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Friday, July 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.04 annualized dividend and a yield of 0.49%.
In other Old Second Bancorp news, CEO James Eccher bought 10,000 shares of Old Second Bancorp stock in a transaction that occurred on Friday, June 17th. The shares were purchased at an average cost of $7.08 per share, for a total transaction of $70,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rocks Patti Temple bought 6,000 shares of Old Second Bancorp stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $8.10 per share, for a total transaction of $48,600.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
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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