Thrivent Financial for Lutherans Cuts Position in Old Second Bancorp, Inc. $OSBC

Thrivent Financial for Lutherans trimmed its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,119 shares of the financial services provider’s stock after selling 30,550 shares during the quarter. Thrivent Financial for Lutherans owned 0.27% of Old Second Bancorp worth $2,791,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings 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 worth $93,000 after purchasing an additional 540 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Old Second Bancorp by 4.3% in the 1st 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 period. EverSource Wealth Advisors LLC raised its holdings in shares of Old Second Bancorp by 458.5% in the 2nd 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 during the period. Lakewood Asset Management LLC raised its holdings in shares of Old Second Bancorp by 7.1% in the 4th quarter. Lakewood Asset Management LLC now owns 21,360 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 1,416 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Old Second Bancorp by 2.7% in the 3rd quarter. Sei Investments Co. now owns 55,126 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 1,470 shares during the period. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler dropped their target price on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Stephens assumed coverage on Old Second Bancorp in a report on Friday, March 27th. They set an “overweight” rating and a $23.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Old Second Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Old Second Bancorp Price Performance

OSBC stock opened at $21.08 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. Old Second Bancorp, Inc. has a 52-week low of $16.21 and a 52-week high of $22.43. The stock’s 50 day moving average is $20.60 and its two-hundred day moving average is $20.07. The company has a market capitalization of $1.08 billion, a PE ratio of 12.55 and a beta of 0.71.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.03). Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%.The business had revenue of $93.77 million for the quarter, compared to analysts’ expectations of $94.80 million. Analysts predict that Old Second Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were given a $0.07 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 16.67%.

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.