Zacks: Old Second Bancorp Inc. (NASDAQ:OSBC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Analysts have set a 12-month consensus target price of $6.88 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Second Bancorp an industry rank of 78 out of 265 based on the ratings given to related companies.

In other news, Director John Ladowicz sold 4,009 shares of Old Second Bancorp stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $6.74, for a total value of $27,020.66. Following the completion of the transaction, the director now owns 7,146 shares of the company’s stock, valued at approximately $48,164.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Old Second Bancorp (NASDAQ:OSBC) opened at 7.84 on Monday. The firm has a 50-day moving average price of $7.73 and a 200-day moving average price of $6.74. The firm has a market capitalization of $231.15 million and a P/E ratio of 20.00. Old Second Bancorp has a 52 week low of $5.06 and a 52 week high of $8.14.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 21st. The financial services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Equities analysts forecast that Old Second Bancorp will post $0.46 EPS for the current year.

A number of research firms have weighed in on OSBC. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Thursday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of Old Second Bancorp from $6.50 to $6.75 in a research report on Friday, October 23rd.

12 Month Chart for NASDAQ:OSBC

Old Second Bancorp, Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its wholly owned subsidiaries. The Bank’s full service banking businesses include the customary consumer and commercial products and services that banks provide, including demand, negotiable order of withdrawal (NASDAQ:OSBC), money market, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations; trust services; wealth management services, and a variety of additional services to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, the sale of traveler’s checks, money orders, cashiers’ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services.

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