UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.23 Million Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,868 shares of the financial services provider’s stock after selling 9,828 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Old Second Bancorp worth $1,230,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Old Second Bancorp during the 2nd quarter valued at approximately $33,000. Innealta Capital LLC acquired a new position in shares of Old Second Bancorp in the second quarter valued at approximately $49,000. Quantbot Technologies LP raised its holdings in Old Second Bancorp by 134.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock valued at $98,000 after buying an additional 3,587 shares during the last quarter. CWM LLC boosted its position in Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after buying an additional 2,123 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Old Second Bancorp in the 3rd quarter valued at approximately $158,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC opened at $18.13 on Wednesday. The company has a market capitalization of $813.18 million, a PE ratio of 9.86 and a beta of 1.08. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $17.57 and a 200 day simple moving average of $16.27. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $19.37.

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

Old Second Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.06 dividend. The ex-dividend date was Friday, October 25th. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 12.97%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OSBC. Piper Sandler boosted their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $19.00 to $18.00 in a report on Tuesday, September 17th. Finally, DA Davidson set a $18.00 price target on Old Second Bancorp in a research report on Thursday, October 17th.

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.