Barclays PLC Grows Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Barclays PLC boosted its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 81.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,582 shares of the financial services provider’s stock after acquiring an additional 52,277 shares during the period. Barclays PLC owned 0.26% of Old Second Bancorp worth $1,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OSBC. Princeton Capital Management LLC boosted its position in shares of Old Second Bancorp by 7.8% during the third quarter. Princeton Capital Management LLC now owns 13,770 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 1,000 shares in the last quarter. Lakewood Asset Management LLC grew its position in Old Second Bancorp by 8.8% in the 3rd quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 1,612 shares during the period. Hunter Perkins Capital Management LLC grew its position in Old Second Bancorp by 3.7% during the third quarter. Hunter Perkins Capital Management LLC now owns 52,955 shares of the financial services provider’s stock valued at $826,000 after buying an additional 1,870 shares during the period. Rhumbline Advisers lifted its position in shares of Old Second Bancorp by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 73,155 shares of the financial services provider’s stock valued at $1,083,000 after buying an additional 1,923 shares in the last quarter. Finally, CWM LLC raised its holdings in Old Second Bancorp by 36.3% during the third quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 2,123 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now directly owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. DA Davidson set a $18.00 price target on Old Second Bancorp in a research note on Thursday, October 17th. Finally, Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th.

Old Second Bancorp Trading Down 1.3 %

Shares of Old Second Bancorp stock opened at $17.84 on Friday. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $19.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average of $17.92 and a 200 day moving average of $16.47. The firm has a market capitalization of $800.18 million, a price-to-earnings ratio of 9.64 and a beta of 1.08.

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

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, October 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 12.97%.

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.