GSA Capital Partners LLP Takes $812,000 Position in Old Second Bancorp, Inc. $OSBC

GSA Capital Partners LLP purchased a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the second quarter, Holdings Channel reports. The fund purchased 34,819 shares of the financial services provider’s stock, valued at approximately $812,000.

A number of other institutional investors also recently bought and sold shares of OSBC. Harbour Investments Inc. purchased a new stake in Old Second Bancorp during the fourth quarter worth approximately $26,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Old Second Bancorp during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted 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 valued at $26,000 after buying an additional 1,215 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Old Second Bancorp in the 4th quarter valued at $45,000. Finally, Clearstead Advisors LLC grew its position in shares of Old Second Bancorp by 793.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,159 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, CEO James Eccher sold 55,687 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $25.46, for a total transaction of $1,417,791.02. Following the completion of the sale, the chief executive officer directly owned 322,712 shares of the company’s stock, valued at $8,216,247.52. This represents a 14.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is owned by company insiders.

Old Second Bancorp Trading Down 0.7%

Shares of Old Second Bancorp stock opened at $25.66 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $1.31 billion, a P/E ratio of 14.75 and a beta of 0.70. Old Second Bancorp, Inc. has a 1 year low of $16.65 and a 1 year high of $26.06. The company’s fifty day moving average is $23.82 and its two-hundred day moving average is $21.72.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. Analysts forecast that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 31st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 31st. Old Second Bancorp’s payout ratio is 16.09%.

Wall Street Analysts Forecast Growth

OSBC has been the topic of several research analyst reports. DA Davidson lifted 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 note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. Zacks Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Piper Sandler restated an “overweight” rating and set a $30.00 price target (up from $26.00) on shares of Old Second Bancorp in a research note on Monday, July 27th. Finally, Raymond James Financial began coverage on Old Second Bancorp in a research report on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $25.40.

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.