Key Points
- Insider sale: Darin Patrick Campbell sold 35,000 shares on Feb 18 at an average price of $20.94 for $732,900, reducing his ownership by 11.31% to 274,589 shares per the SEC filing.
- Recent results and dividend: Old Second beat estimates with Q1 EPS of $0.58 (vs. $0.53 expected) and revenue of $95.21M (vs. $82.49M), and pays a $0.07 quarterly dividend (1.4% yield, 17.18% payout ratio).
- Valuation and analyst view: The stock trades near $20.34 with a $1.07B market cap and a P/E of 12.48, and carries a consensus "Moderate Buy" rating with a $22.63 price target.
Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) insider Darin Patrick Campbell sold 35,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total transaction of $732,900.00. Following the completion of the sale, the insider directly owned 274,589 shares in the company, valued at approximately $5,749,893.66. The trade was a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Darin Patrick Campbell also recently made the following trade(s):
- On Friday, February 13th, Darin Patrick Campbell sold 91 shares of Old Second Bancorp stock. The shares were sold at an average price of $20.70, for a total transaction of $1,883.70.
Old Second Bancorp Trading Down 0.1%
OSBC traded down $0.03 on Friday, reaching $20.34. 43,225 shares of the company's stock were exchanged, compared to its average volume of 346,112. The company's 50 day moving average is $20.31 and its 200-day moving average is $18.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $22.00. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.48 and a beta of 0.82.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $95.21 million for the quarter, compared to the consensus estimate of $82.49 million. Old Second Bancorp had a return on equity of 13.36% and a net margin of 20.00%. Equities analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.
Old Second Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, January 30th. Old Second Bancorp's payout ratio is currently 17.18%.
Analyst Ratings Changes
A number of research firms have recently commented on OSBC. Wall Street Zen raised Old Second Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. DA Davidson upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Old Second Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.63.
View Our Latest Analysis on OSBC
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new position in Old Second Bancorp during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,215 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Old Second Bancorp in the third quarter worth $30,000. Parkside Financial Bank & Trust acquired a new position in shares of Old Second Bancorp in the 4th quarter valued at approximately $45,000. Finally, Clearstead Advisors LLC lifted its stake in Old Second Bancorp by 793.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider's stock worth $47,000 after purchasing an additional 2,159 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.
About Old Second Bancorp
(
Get Free Report)
Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.
In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.
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