Old Second Bancorp Inc. (NASDAQ:OSBC) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 175,300 shares, a decrease of 21.3% from the June 15th total of 222,800 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 3.4 days.

OSBC has been the subject of several research analyst reports. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Raymond James set a $240.00 target price on Stryker and gave the stock a “buy” rating in a research report on Friday. BidaskClub lowered Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Sterling Bancorp in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.50.

In related news, EVP Keith Gottschalk sold 2,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $13.07, for a total value of $26,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.83% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its position in Old Second Bancorp by 3.7% in the 2nd quarter. Bessemer Group Inc. now owns 47,600 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 1,700 shares during the last quarter. Vigilant Capital Management LLC acquired a new position in shares of Old Second Bancorp during the 2nd quarter valued at about $383,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Old Second Bancorp during the 2nd quarter valued at about $211,000. Marshall Wace LLP acquired a new position in shares of Old Second Bancorp during the 1st quarter valued at about $60,000. Finally, Castine Capital Management LLC increased its holdings in shares of Old Second Bancorp by 1.7% during the 1st quarter. Castine Capital Management LLC now owns 472,108 shares of the financial services provider’s stock valued at $5,943,000 after acquiring an additional 7,986 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

OSBC stock traded down $0.17 during mid-day trading on Monday, hitting $13.08. The stock had a trading volume of 51,423 shares, compared to its average volume of 62,772. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. Old Second Bancorp has a 1-year low of $11.32 and a 1-year high of $15.75. The business’s fifty day moving average price is $12.59. The stock has a market cap of $396.13 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Old Second Bancorp had a return on equity of 15.65% and a net margin of 24.90%. The company had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.60 million. As a group, equities analysts anticipate that Old Second Bancorp will post 1.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 26th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, July 25th. Old Second Bancorp’s payout ratio is currently 3.57%.

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.

Recommended Story: What is a management fee?

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.