Old Second Bancorp (NASDAQ:OSBC) EVP Richard Gartelmann, Jr. Sells 2,000 Shares

Old Second Bancorp, Inc. (NASDAQ:OSBC) EVP Richard Gartelmann, Jr. sold 2,000 shares of Old Second Bancorp stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $20.98, for a total value of $41,960.00. Following the completion of the transaction, the executive vice president directly owned 24,874 shares of the company’s stock, valued at approximately $521,856.52. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Old Second Bancorp Stock Up 1.5%

Shares of OSBC traded up $0.32 during mid-day trading on Friday, hitting $20.98. 40,341 shares of the company’s stock were exchanged, compared to its average volume of 360,982. The stock’s 50-day moving average is $20.10 and its 200-day moving average is $18.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $22.00. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.87 and a beta of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $95.21 million for the quarter, compared to the consensus estimate of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 13.36%. On average, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 30th will be issued a $0.07 dividend. The ex-dividend date is Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Old Second Bancorp’s dividend payout ratio (DPR) is 17.18%.

Institutional Trading of Old Second Bancorp

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in shares of Old Second Bancorp by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after buying an additional 540 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Old Second Bancorp by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 41,578 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 757 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in Old Second Bancorp by 1.6% in the third quarter. Hudson Edge Investment Partners Inc. now owns 61,653 shares of the financial services provider’s stock valued at $1,066,000 after acquiring an additional 979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Old Second Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,067 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

OSBC has been the subject of several recent research reports. DA Davidson lifted their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.63.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.