Dynamic Technology Lab Private Ltd Purchases New Stake in Old Second Bancorp, Inc. $OSBC

Dynamic Technology Lab Private Ltd acquired a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,951 shares of the financial services provider’s stock, valued at approximately $725,000. Dynamic Technology Lab Private Ltd owned 0.08% of Old Second Bancorp as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OSBC. Goldman Sachs Group Inc. raised its stake in shares of Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after acquiring an additional 630,265 shares during the period. Vanguard Group Inc. boosted its position in Old Second Bancorp by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,269,993 shares of the financial services provider’s stock worth $56,522,000 after purchasing an additional 553,169 shares during the period. Kennedy Capital Management LLC increased its holdings in Old Second Bancorp by 93.3% in the 2nd quarter. Kennedy Capital Management LLC now owns 996,992 shares of the financial services provider’s stock valued at $17,687,000 after purchasing an additional 481,302 shares in the last quarter. River Street Advisors LLC purchased a new position in Old Second Bancorp in the third quarter valued at about $6,637,000. Finally, Davis Asset Management L.P. raised its position in Old Second Bancorp by 25.9% in the second quarter. Davis Asset Management L.P. now owns 1,384,502 shares of the financial services provider’s stock valued at $24,561,000 after purchasing an additional 284,502 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Insider Activity

In related news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darin Patrick Campbell sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total value of $732,900.00. Following the sale, the insider owned 274,589 shares of the company’s stock, valued at approximately $5,749,893.66. This trade represents a 11.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,091 shares of company stock worth $776,744. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Price Performance

OSBC opened at $19.62 on Tuesday. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $22.00. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.04 and a beta of 0.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $20.19 and a 200 day simple moving average of $19.11.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. Equities research analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were paid a $0.07 dividend. The ex-dividend date was Friday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Old Second Bancorp’s payout ratio is 17.18%.

Analysts Set New Price Targets

OSBC has been the subject of several analyst reports. DA Davidson upped their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Old Second Bancorp currently has an average rating of “Moderate Buy” and a consensus target price 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.