BNP Paribas Financial Markets Purchases 24,084 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

BNP Paribas Financial Markets boosted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 271.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,967 shares of the financial services provider’s stock after acquiring an additional 24,084 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Old Second Bancorp worth $514,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Old Second Bancorp in the 2nd quarter worth approximately $33,000. Innealta Capital LLC acquired a new stake in shares of Old Second Bancorp during the second quarter worth $49,000. Quantbot Technologies LP raised its stake in shares of Old Second Bancorp by 134.0% in the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 3,587 shares during the last quarter. CWM LLC increased its stake in shares of Old Second Bancorp by 36.3% in the third quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,123 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Old Second Bancorp during the third quarter worth about $158,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Raymond James downgraded shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $19.00 to $18.00 in a report on Tuesday, September 17th. Piper Sandler raised their price objective on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, DA Davidson set a $18.00 price objective on Old Second Bancorp in a research report on Thursday, October 17th.

Old Second Bancorp Price Performance

Old Second Bancorp stock opened at $18.39 on Friday. The company’s 50 day simple moving average is $17.43 and its 200-day simple moving average is $16.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $19.37. The company has a market capitalization of $824.79 million, a price-to-earnings ratio of 9.94 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. The business had revenue of $71.16 million during the quarter, compared to analyst estimates of $70.95 million. As a group, equities research analysts expect that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a dividend of $0.06 per share. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, October 25th. Old Second Bancorp’s payout ratio is 12.97%.

About Old Second Bancorp

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.