Old Second Bancorp, Inc. $OSBC Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC boosted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,267,042 shares of the financial services provider’s stock after acquiring an additional 173,724 shares during the period. Kennedy Capital Management LLC owned about 2.41% of Old Second Bancorp worth $24,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSBC. Harbour Investments Inc. acquired a new position in Old Second Bancorp during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,215 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in Old Second Bancorp during the 4th quarter worth approximately $45,000. Clearstead Advisors LLC grew its holdings in Old Second Bancorp by 793.8% during the 4th quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,159 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Old Second Bancorp by 32.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,523 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 622 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on OSBC. Stephens began coverage on shares of Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 target price for the company. Piper Sandler lowered their target price on shares of Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Old Second Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Old Second Bancorp Trading Up 1.3%

Shares of Old Second Bancorp stock opened at $22.50 on Friday. The company has a fifty day simple moving average of $21.16 and a 200-day simple moving average of $20.41. Old Second Bancorp, Inc. has a 12-month low of $16.42 and a 12-month high of $22.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.39 and a beta of 0.71.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results 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 net margin of 20.07% and a return on equity of 12.67%. The company had revenue of $93.77 million during the quarter, compared to analyst estimates of $94.80 million. On average, equities analysts forecast that Old Second Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were paid a dividend of $0.07 per share. The ex-dividend date was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

About Old Second Bancorp

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.