Old Second Bancorp (OSBC) Gets a Buy from D.A. Davidson

In a report released on January 27, Jeff Rulis from D.A. Davidson reiterated a Buy rating on Old Second Bancorp (OSBCResearch Report), with a price target of $22.00. The company’s shares closed last Friday at $16.73.

According to TipRanks, Rulis is a 4-star analyst with an average return of 13.1% and a 67.61% success rate. Rulis covers the Financial sector, focusing on stocks such as Washington Federal, First Busey, and Heritage Financial.

Old Second Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $22.00.

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Based on Old Second Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $71.73 million and a net profit of $23.62 million. In comparison, last year the company earned a revenue of $38.66 million and had a GAAP net loss of $9.07 million

Based on the recent corporate insider activity of 54 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.

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. is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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