Insider Selling: Old Second Bancorp, Inc. (OSBC) Director Sells 10,096 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Director John Ladowicz sold 10,096 shares of Old Second Bancorp stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total value of $145,382.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Ladowicz also recently made the following trade(s):

  • On Wednesday, September 20th, John Ladowicz sold 8,450 shares of Old Second Bancorp stock. The shares were sold at an average price of $12.11, for a total value of $102,329.50.
  • On Tuesday, September 19th, John Ladowicz sold 10,350 shares of Old Second Bancorp stock. The shares were sold at an average price of $12.15, for a total value of $125,752.50.
  • On Monday, September 18th, John Ladowicz sold 9,550 shares of Old Second Bancorp stock. The shares were sold at an average price of $12.14, for a total value of $115,937.00.

Shares of Old Second Bancorp, Inc. (NASDAQ OSBC) traded down $0.15 on Friday, hitting $12.45. The company’s stock had a trading volume of 56,400 shares, compared to its average volume of 85,400. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.80. Old Second Bancorp, Inc. has a 52-week low of $8.55 and a 52-week high of $14.90. The company has a market capitalization of $373.30, a price-to-earnings ratio of 20.32, a PEG ratio of 2.22 and a beta of 1.34.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. equities analysts forecast that Old Second Bancorp, Inc. will post 0.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Friday, October 27th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. Old Second Bancorp’s payout ratio is 6.45%.

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Several research firms have weighed in on OSBC. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, October 25th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, DA Davidson began coverage on Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.50.

Several large investors have recently added to or reduced their stakes in OSBC. Wells Fargo & Company MN raised its stake in shares of Old Second Bancorp by 7.0% during the 1st quarter. Wells Fargo & Company MN now owns 75,588 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 4,936 shares during the period. First Trust Advisors LP increased its stake in Old Second Bancorp by 9.4% in the 1st quarter. First Trust Advisors LP now owns 54,557 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 4,693 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Old Second Bancorp by 8.6% in the 1st quarter. Bank of New York Mellon Corp now owns 176,286 shares of the financial services provider’s stock worth $1,984,000 after acquiring an additional 14,020 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Old Second Bancorp by 6.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 36,958 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Old Second Bancorp by 7.4% in the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 65.26% of the company’s stock.

About Old Second Bancorp

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

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