Old Second Bancorp (NASDAQ:OSBC) Insider Darin Patrick Campbell Sells 26,406 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 26,406 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $18.27, for a total value of $482,437.62. Following the transaction, the insider owned 31,159 shares of the company’s stock, valued at $569,274.93. This trade represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Darin Patrick Campbell also recently made the following trade(s):

• On Friday, October 31st, Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock. The shares were sold at an average price of $17.89, for a total value of $557,434.51.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $19.46. The company has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.51. The company has a market capitalization of $964.55 million, a PE ratio of 12.13 and a beta of 0.86.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. The company had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. Research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, October 31st. Old Second Bancorp’s dividend payout ratio (DPR) is presently 18.54%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OSBC. Nuveen LLC acquired a new stake in shares of Old Second Bancorp in the 1st quarter worth about $5,593,000. CWM LLC boosted its stake in Old Second Bancorp by 108.3% during the 1st quarter. CWM LLC now owns 20,305 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 10,559 shares during the last quarter. Vanguard Group Inc. increased its holdings in Old Second Bancorp by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider’s stock worth $45,118,000 after purchasing an additional 73,672 shares in the last quarter. Martingale Asset Management L P purchased a new stake in shares of Old Second Bancorp in the first quarter worth approximately $1,720,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Old Second Bancorp in the first quarter valued at approximately $668,000. 67.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Old Second Bancorp presently has an average rating of “Buy” and an average price target of $21.63.

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.