84,826 Shares in Old Second Bancorp, Inc. $OSBC Bought by MSH Capital Advisors LLC

MSH Capital Advisors LLC bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 84,826 shares of the financial services provider’s stock, valued at approximately $1,978,000. MSH Capital Advisors LLC owned approximately 0.17% of Old Second Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSBC. Harbour Investments Inc. acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 1,215 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $45,000. Finally, Clearstead Advisors LLC grew its stake in shares of Old Second Bancorp by 793.8% in the fourth 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 in the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Old Second Bancorp news, CEO James Eccher sold 19,313 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $25.61, for a total value of $494,605.93. Following the transaction, the chief executive officer directly owned 303,399 shares of the company’s stock, valued at $7,770,048.39. This represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.60% of the company’s stock.

Old Second Bancorp Stock Down 2.4%

OSBC stock opened at $25.04 on Thursday. Old Second Bancorp, Inc. has a 1-year low of $16.65 and a 1-year high of $26.06. The business’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $21.75. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.27 billion, a PE ratio of 14.39 and a beta of 0.70.

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

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 31st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, July 31st. Old Second Bancorp’s dividend payout ratio (DPR) is currently 16.09%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OSBC shares. Raymond James Financial started coverage on shares of Old Second Bancorp in a report on Tuesday, July 7th. They set an “outperform” rating and a $26.00 target price on the stock. Zacks Research raised shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. 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 report on Monday, July 27th. Finally, DA Davidson raised their target price on shares of Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. One 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $25.40.

Old Second Bancorp 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.