6,486 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,486 shares of the financial services provider’s stock, valued at approximately $101,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Old Second Bancorp by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock valued at $25,188,000 after acquiring an additional 138,253 shares during the last quarter. American Century Companies Inc. increased its stake in Old Second Bancorp by 19.7% during the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider’s stock valued at $11,851,000 after purchasing an additional 131,623 shares during the last quarter. Davis Asset Management L.P. acquired a new stake in shares of Old Second Bancorp during the second quarter worth $8,623,000. Assenagon Asset Management S.A. lifted its position in shares of Old Second Bancorp by 180.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock worth $6,915,000 after buying an additional 285,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Old Second Bancorp by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 358,346 shares of the financial services provider’s stock valued at $5,587,000 after buying an additional 25,570 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

OSBC has been the topic of several research reports. Piper Sandler increased their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. DA Davidson set a $18.00 price target on Old Second Bancorp in a report on Thursday, October 17th. Finally, Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $19.00 to $18.00 in a research note on Tuesday, September 17th.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $18.69 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $17.15 and its two-hundred day moving average is $16.08. The firm has a market capitalization of $838.25 million, a P/E ratio of 10.10 and a beta of 1.08. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. The firm had revenue of $71.16 million for the quarter, compared to analysts’ expectations of $70.95 million. Analysts anticipate that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 annualized dividend and a yield of 1.28%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s dividend payout ratio is presently 12.97%.

Old Second Bancorp Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.