Old Second Bancorp Inc. (NASDAQ:OSBC) Chairman William B. Skoglund sold 1,502 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $13.29, for a total transaction of $19,961.58. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:OSBC traded up $0.13 during trading hours on Tuesday, reaching $13.21. The company had a trading volume of 58,013 shares, compared to its average volume of 62,739. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 0.86. Old Second Bancorp Inc. has a 52 week low of $11.32 and a 52 week high of $15.75. The stock has a market cap of $396.13 million, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company’s 50 day simple moving average is $12.66.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Old Second Bancorp had a net margin of 24.90% and a return on equity of 15.65%. The business had revenue of $32.90 million during the quarter, compared to the consensus estimate of $32.60 million. On average, equities research analysts predict that Old Second Bancorp Inc. will post 1.24 earnings per share for the current year.

The business 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 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, July 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 3.57%.

Large investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in Old Second Bancorp in the 1st quarter worth approximately $60,000. Meeder Asset Management Inc. grew its position in Old Second Bancorp by 41.2% in the 1st quarter. Meeder Asset Management Inc. now owns 5,633 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,644 shares during the period. BNP Paribas Arbitrage SA grew its position in Old Second Bancorp by 499.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 5,038 shares during the period. SG Americas Securities LLC bought a new stake in Old Second Bancorp in the 1st quarter worth approximately $119,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Old Second Bancorp by 413.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,011 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 8,060 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on OSBC. Raymond James set a $240.00 price target on shares of Stryker and gave the company a “buy” rating in a research report on Friday. BidaskClub downgraded shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. FIG Partners reissued an “outperform” rating on shares of Sterling Bancorp in a research report on Monday, April 29th. Finally, Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Old Second Bancorp presently has an average rating of “Hold” and a consensus target price of $14.50.

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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Insider Buying and Selling by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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