Old Second Bancorp, Inc. (NASDAQ:OSBC) Director Rocks Patti Temple Buys 5,625 Shares

Old Second Bancorp, Inc. (NASDAQ:OSBC) Director Rocks Patti Temple bought 5,625 shares of the firm’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 transaction, the director now owns 18,679 shares in the company, valued at $332,299.41. This represents a 43.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC traded up $0.26 during mid-day trading on Thursday, hitting $18.05. 181,812 shares of the stock were exchanged, compared to its average volume of 234,184. The company has a market cap of $809.60 million, a P/E ratio of 9.76 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. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $19.37. The stock’s fifty day simple moving average is $17.88 and its two-hundred day simple moving average is $16.43.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $71.16 million during the quarter, compared to the consensus estimate 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, analysts forecast that Old Second Bancorp, Inc. will post 1.95 EPS for the current fiscal year.

Old Second Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.06 per share. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, October 25th. This represents a $0.24 annualized dividend and a yield of 1.33%. Old Second Bancorp’s dividend payout ratio is 12.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OSBC. DA Davidson set a $18.00 price objective on Old Second Bancorp in a report on Thursday, October 17th. Piper Sandler boosted their price target 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. Finally, Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th.

Institutional Investors Weigh In On Old Second Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSBC. Principal Financial Group Inc. lifted its position in shares of Old Second Bancorp by 11.5% during the third quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 3,313 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock worth $16,053,000 after buying an additional 22,747 shares in the last quarter. Barclays PLC boosted its position in Old Second Bancorp by 81.3% in the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after buying an additional 52,277 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Old Second Bancorp in the 3rd quarter valued at $974,000. Finally, Jane Street Group LLC increased its stake in shares of Old Second Bancorp by 25.8% in the 3rd quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock valued at $973,000 after buying an additional 12,785 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

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.