Sei Investments Co. Has $4.09 Million Stake in Old Second Bancorp, Inc. $OSBC

Sei Investments Co. grew its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 73.5% during the first quarter, HoldingsChannel.com reports. The firm owned 203,088 shares of the financial services provider’s stock after buying an additional 86,057 shares during the quarter. Sei Investments Co.’s holdings in Old Second Bancorp were worth $4,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Old Second Bancorp by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,388,862 shares of the financial services provider’s stock worth $48,159,000 after buying an additional 127,988 shares in the last quarter. Parallel Advisors LLC lifted its stake in Old Second Bancorp by 181.3% in the 1st quarter. Parallel Advisors LLC now owns 2,622 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,690 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Old Second Bancorp by 50.8% in the 1st quarter. Principal Financial Group Inc. now owns 75,090 shares of the financial services provider’s stock valued at $1,514,000 after acquiring an additional 25,308 shares in the last quarter. Hsbc Holdings PLC boosted its position in Old Second Bancorp by 6.3% during the 1st quarter. Hsbc Holdings PLC now owns 85,183 shares of the financial services provider’s stock worth $1,716,000 after acquiring an additional 5,078 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Old Second Bancorp during the 1st quarter worth approximately $1,060,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.4%

Shares of Old Second Bancorp stock opened at $25.78 on Friday. The stock has a market cap of $1.33 billion, a P/E ratio of 14.82 and a beta of 0.70. 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 12-month low of $16.53 and a 12-month high of $26.04. The business’s 50 day moving average is $23.14 and its 200-day moving average is $21.42.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.85%. Equities research analysts predict that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, July 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Old Second Bancorp’s payout ratio is currently 16.09%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OSBC. Raymond James Financial started coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price target for the company. Zacks Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 target price (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. Finally, DA Davidson boosted their price target on shares of Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.40.

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.