FJ Capital Management LLC has recently announced that it has increased stake in Old Second Bancorp Inc. (NASDAQ:OSBC) by 4.65%. After grabbing 2.43 million shares, the institutional investor is now in possession of 0.11 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.45% having worth around $38.96 million. Moreover, The Vanguard Group, Inc. increased its share by 92633.0 to have a control over 2.12 million shares. And SSgA Funds Management, Inc. raised its holdings to 82808.0 shares by acquiring 1.08 million shares or 2.43% of the stake.
Old Second Bancorp Inc. (OSBC) concluded trading on 01/18/23 at a closing price of $15.33, with 0.22 million shares of worth about $3.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.36% during that period and on Wednesday the price saw a loss of about -5.66%. Currently the company’s common shares owned by public are about 44.57M shares, out of which, 41.72M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the OSBC stock and their offered price forecasts bring an average price target of $20.60. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $22.00 and could fall to a lowest price of $20.00. The stock’s current price level is 25.58% above of average price target set by the analysts, while a rise to estimated low would result in gain of 23.35% for the stock. However, touching the estimated high of $22.00 would mean a gain of 30.32% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 142,293 shares in 44 of the transactions. In 12 selling transactions, insiders dumped 36,848 shares.
Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Old Second Bancorp Inc. Vanguard Total Stock Market Index is currently holding 1.36 million shares of worth totaling $21.75 million. The company recently came buying 5756.0 shares which brought its stake up to 3.04% of the company’s outstanding shares. iShares Russell 2000 ETF sold 10187.0 shares, after which its hold over company’s outstanding shares shrunk to 2.19%, leaving 0.98 million shares with the mutual fund that have a worth of about $15.64 million. Vanguard Extended Market Index Fu, after buying 0.59 million shares, have now control over 1.33% of the stake in the company. It holds 3579.0 shares of worth $9.48 million.
Old Second Bancorp Inc. (NASDAQ: OSBC) started trading at $16.22, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 16.22, or with a loss of -5.66%. Stock saw a price change of -7.48% in past 5 days and over the past one month there was a price change of -5.49%. Year-to-date (YTD), OSBC shares are showing a performance of -4.43% which increased to 8.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.89 but also hit the highest price of $17.80 during that period. The average intraday trading volume for Old Second Bancorp Inc. shares is 166.78K. The stock is currently trading -6.45% below its 20-day simple moving average (SMA20), while that difference is down -8.85% for SMA50 and it goes to 3.23% higher than SMA200.
FJ Capital Management LLC acquired 2.43 million shares of Old Second Bancorp Inc. having value of about $38.96 million. Data submitted at the U.S SEC by FJ Capital Management LLC revealed that the firm now holds 0.11 million shares in the company valued at close to $1655640.0, or have control over 4.65% stake in the company. Old Second Bancorp Inc. (NASDAQ: OSBC) currently have 44.57M outstanding shares and institutions hold larger chunk of about 68.00% of that. Holding of mutual funds in the company is about 44.67% while other institutional holders and individual stake holders have control over 8.42% and 22.74% of the stake respectively.
The stock has a current market capitalization of $694.14M and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 21.84, while it has posted earnings per share of $0.70 in the same period. Its PEG reads 3.12 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSBC, volatility over the week remained 3.18% while standing at 2.48% over the month.
Analysts are in expectations that Old Second Bancorp Inc. (OSBC) stock would likely to be making an EPS of $0.47 in the current quarter, while forecast for next quarter EPS is $0.46 and it is $1.87 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.4 which is $0.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -29.30% while it is estimated to increase by 35.00% in next year. EPS is likely to grow at an annualized rate of 7.00% for next 5-years, compared to annual growth of 4.40% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Old Second Bancorp Inc. (OSBC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on March 21, 2022 offering a Buy rating for the stock and assigned a target price of $22 to it. Coverage by Raymond James stated Old Second Bancorp Inc. (OSBC) stock as a Strong buy in their note to investors on September 23, 2020, suggesting a price target of $10 for the stock. Stock get an Outperform rating from Raymond James on April 09, 2019.