Keefe Bruyette & Woods Maintains Old Second Bancorp to Market Perform with Price Target $7.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Old Second Bancorp(NASDAQ:OSBC). In a research note issued to the investors, the brokerage major Raises the price-target to $7.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Old Second Bancorp (OSBC) made into the market gainers list on Thursdays trading session with the shares advancing 0.95% or 0.07 points. Due to strong positive momentum, the stock ended at $7.41, which is also near the day’s high of $7.49. The stock began the session at $7.32 and the volume stood at 1,01,353 shares. The 52-week high of the shares is $8.135 and the 52 week low is $5.93. The company has a current market capitalization of $219 M and it has 2,95,54,716 shares in outstanding.

Old Second Bancorp(OSBC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $22.64M. Analysts had an estimated revenue of $22.53M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, James F Tapscott (director) purchased 2,000 shares at $6.96 per share price.Also, On May 12, 2016, Keith Gottschalk (EVP) sold 1,447 shares at $7.10 per share price.On Feb 25, 2016, Edward Bonifas (director) purchased 7,441 shares at $6.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Old Second Bancorp Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its wholly owned subsidiaries. The Bank’s full service banking businesses include the customary consumer and commercial products and services that banks provide including demand negotiable order of withdrawal (NOW) money market savings time deposit individual retirement and Keogh deposit accounts; commercial industrial consumer and real estate lending including installment loans student loans agricultural loans lines of credit and overdraft checking; safe deposit operations; trust services; wealth management services and a variety of additional services to the needs of individual customers such as the acquisition of the United States Treasury notes and bonds the sale of traveler’s checks money orders cashiers’ checks and foreign currency direct deposit discount brokerage debit cards credit cards and other special services.

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