Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,758 shares of the financial services provider’s stock after purchasing an additional 7,068 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Old Second Bancorp worth $600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OSBC. Quantbot Technologies LP increased its stake in Old Second Bancorp by 134.0% during 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 period. Point72 DIFC Ltd bought a new position in shares of Old Second Bancorp in the third quarter valued at approximately $101,000. CWM LLC increased its stake in shares of 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. Intech Investment Management LLC bought a new stake in Old Second Bancorp during the third quarter worth approximately $158,000. Finally, Paloma Partners Management Co acquired a new stake in Old Second Bancorp in the third quarter worth approximately $204,000. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $18.83 on Friday. The company has a market capitalization of $844.53 million, a PE ratio of 10.07 and a beta of 1.08. 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 fifty day moving average of $18.22 and a 200-day moving average of $17.07. Old Second Bancorp, Inc. has a one year low of $13.00 and a one year high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Insider Transactions at Old Second Bancorp

In other news, Director Rocks Patti Temple purchased 5,625 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the acquisition, the director now directly owns 18,679 shares of the company’s stock, valued at $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OSBC has been the topic of several research analyst reports. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Piper Sandler raised their target price on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a research report on Thursday, October 17th. Finally, Stephens reaffirmed an “overweight” rating and issued a $21.00 price objective on shares of Old Second Bancorp in a research note on Thursday, January 23rd.

Old Second Bancorp Company 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.