Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Wednesday, July 19th, NASDAQ reports. Investors of record on Friday, July 28th will be given a dividend of 0.01 per share by the financial services provider on Monday, August 7th. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date is Wednesday, July 26th.
Old Second Bancorp (NASDAQ OSBC) opened at 11.75 on Tuesday. Old Second Bancorp has a 1-year low of $7.21 and a 1-year high of $12.75. The stock has a market cap of $348.12 million, a P/E ratio of 18.95 and a beta of 1.31. The company has a 50-day moving average of $11.69 and a 200 day moving average of $11.33.
Several brokerages recently issued reports on OSBC. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.25.
In other Old Second Bancorp news, Director Edward Bonifas purchased 2,816 shares of the business’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $11.49 per share, for a total transaction of $32,355.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradley S. Adams purchased 41,800 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were acquired at an average price of $11.89 per share, for a total transaction of $497,002.00. The disclosure for this purchase can be found here. Insiders have acquired 49,616 shares of company stock worth $586,858 over the last quarter. Insiders own 3.60% of the company’s stock.
About Old Second Bancorp
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