KBW Sticks to Their Hold Rating for Old Second Bancorp

By Carrie Williams

In a report released yesterday, Christopher Mcgratty from KBW reiterated a Hold rating on Old Second Bancorp (NASDAQ: OSBC), with a price target of $11. The company’s shares closed yesterday at $11.60.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.7% and a 69.4% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Carolina Financial Corporation, and First Connecticut Bancorp Inc.

Old Second Bancorp has an analyst consensus of Hold, with a price target consensus of $11.

Old Second Bancorp’s market cap is currently $343.1M and has a P/E ratio of 20.35. The company has a book value ratio of 1.8821.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OSBC in relation to earlier this year. Last month, Temple Rocks Patti, a Director at OSBC bought 1,250 shares for a total of $15,100.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Old Second Bancorp, Inc. operates as a bank holding company for the Old Second National Bank. The bank’s full service banking businesses includes customary consumer and commercial products and services that banks provide, including demand, NOW, money market, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment, student and agricultural loans, lines of credit and overdraft checking; safe deposit operations; trust services; wealth management services, and an extensive variety of additional services tailored to the needs of individual customers, such as the acquisition of U.S. Treasury notes and bonds, the sale of traveler’s checks, money orders, cashier’s checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards and other special services. The bank also offers a full complement of electronic banking services such as online and mobile banking and corporate cash management products including remote deposit capture, mobile deposit capture, investment sweep accounts, zero balance accounts, automated tax payments, ATM access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, wire transfers, vault services for currency and coin, and checking accounts. The company was founded on September 8, 1981 and is headquartered in Aurora, IL.