Several other research analysts have also recently commented on OSBC. Piper Sandler raised their target price on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a research note on Thursday, October 17th.

Read Our Latest Stock Analysis on OSBC

Shares of NASDAQ:OSBC opened at $17.66 on Thursday. Old Second Bancorp has a twelve month low of $13.00 and a twelve month high of $19.37. The firm has a market cap of $792.10 million, a P/E ratio of 9.55 and a beta of 1.08. The company has a 50 day moving average of $17.76 and a 200-day moving average of $16.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $71.16 million for the quarter, compared to analysts' expectations of $70.95 million. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. As a group, analysts anticipate that Old Second Bancorp will post 1.95 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Old Second Bancorp during the 2nd quarter worth $260,000. Bank of New York Mellon Corp increased its position in Old Second Bancorp by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 230,080 shares of the financial services provider's stock worth $3,407,000 after buying an additional 13,928 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Old Second Bancorp by 378.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 30,998 shares of the financial services provider's stock valued at $459,000 after buying an additional 24,515 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Old Second Bancorp in the second quarter worth about $49,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Old Second Bancorp by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 28,930 shares of the financial services provider's stock worth $428,000 after acquiring an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Old Second Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Second Bancorp wasn't on the list.

While Old Second Bancorp currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.