Graham Capital Wealth Management LLC Purchases Shares of 47,019 Old Second Bancorp, Inc. (NASDAQ:OSBC)

Graham Capital Wealth Management LLC purchased a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,019 shares of the financial services provider’s stock, valued at approximately $696,000. Old Second Bancorp accounts for approximately 0.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Graham Capital Wealth Management LLC owned approximately 0.10% of Old Second Bancorp as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OSBC. Davis Asset Management L.P. bought a new stake in shares of Old Second Bancorp in the second quarter valued at about $8,623,000. Dimensional Fund Advisors LP lifted its stake in shares of Old Second Bancorp by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock valued at $21,419,000 after buying an additional 167,355 shares during the period. American Century Companies Inc. lifted its stake in shares of Old Second Bancorp by 19.7% in the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider’s stock valued at $11,851,000 after buying an additional 131,623 shares during the period. Wellington Management Group LLP lifted its stake in shares of Old Second Bancorp by 50.5% in the fourth quarter. Wellington Management Group LLP now owns 387,800 shares of the financial services provider’s stock valued at $5,988,000 after buying an additional 130,200 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Old Second Bancorp by 9.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock valued at $16,395,000 after buying an additional 91,442 shares during the period. Institutional investors own 67.76% of the company’s stock.

Insider Activity

In other news, Director John Ladowicz sold 30,585 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following the sale, the director now directly owns 189,192 shares of the company’s stock, valued at $3,068,694.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

OSBC has been the subject of several recent research reports. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $19.00 to $18.00 in a research report on Tuesday, September 17th. DA Davidson lowered shares of Old Second Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Wednesday, September 25th. Finally, Piper Sandler increased their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Old Second Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Old Second Bancorp Stock Performance

NASDAQ OSBC opened at $15.59 on Tuesday. The firm has a market cap of $699.15 million, a price-to-earnings ratio of 7.91 and a beta of 1.07. The company has a 50 day moving average of $16.29 and a 200-day moving average of $14.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Old Second Bancorp, Inc. has a 1-year low of $13.00 and a 1-year high of $17.46.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $70.82 million for the quarter, compared to analyst estimates of $70.03 million. Old Second Bancorp had a return on equity of 14.83% and a net margin of 25.62%. On average, equities analysts forecast that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 26th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 10.15%.

Old Second Bancorp Profile

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.