Old Second Bancorp, Inc. (NASDAQ:OSBC) Short Interest Update

Old Second Bancorp, Inc. (NASDAQ:OSBC) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 463,300 shares, a decrease of 42.7% from the May 15th total of 808,800 shares. Based on an average daily volume of 218,900 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Trading of Old Second Bancorp

Hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 974 shares in the last quarter. Strs Ohio acquired a new stake in shares of Old Second Bancorp in the 1st quarter valued at about $88,000. GAMMA Investing LLC increased its position in Old Second Bancorp by 4,125.0% in the 1st quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider’s stock valued at $90,000 after buying an additional 5,280 shares in the last quarter. Quantbot Technologies LP raised its stake in Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,264 shares during the period. Finally, Aquatic Capital Management LLC boosted its holdings in Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 2,556 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Trading Up 0.5%

Shares of NASDAQ OSBC traded up $0.08 during trading on Monday, reaching $16.75. The company had a trading volume of 259,037 shares, compared to its average volume of 256,972. The company’s fifty day moving average price is $16.15 and its 200-day moving average price is $17.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market cap of $754.69 million, a P/E ratio of 8.96 and a beta of 0.81. Old Second Bancorp has a 12 month low of $13.38 and a 12 month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. The business had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts expect that Old Second Bancorp will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is 13.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OSBC. Stephens cut their price target on Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.10.

Old Second Bancorp Company 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.