Old Second Bancorp, Inc. $OSBC Stake Raised by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. raised its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 8.5% in the third quarter, Holdings Channel.com reports. The fund owned 778,028 shares of the financial services provider’s stock after acquiring an additional 61,000 shares during the period. Old Second Bancorp comprises 2.5% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 15th biggest holding. Stieven Capital Advisors L.P.’s holdings in Old Second Bancorp were worth $13,448,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Old Second Bancorp by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,269,993 shares of the financial services provider’s stock worth $56,522,000 after purchasing an additional 553,169 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Old Second Bancorp by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,204,884 shares of the financial services provider’s stock valued at $38,111,000 after purchasing an additional 86,416 shares during the last quarter. FJ Capital Management LLC boosted its holdings in Old Second Bancorp by 1.5% during the second quarter. FJ Capital Management LLC now owns 1,837,333 shares of the financial services provider’s stock worth $32,594,000 after buying an additional 26,613 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Old Second Bancorp by 74.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock worth $24,599,000 after buying an additional 630,265 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Old Second Bancorp by 13.1% in the third quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock worth $23,990,000 after buying an additional 160,429 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Analysts Set New Price Targets

OSBC has been the topic of several research reports. DA Davidson upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Old Second Bancorp Price Performance

OSBC stock opened at $19.48 on Friday. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $22.00. The firm has a 50-day moving average of $20.20 and a two-hundred day moving average of $19.13. The firm has a market capitalization of $1.03 billion, a PE ratio of 11.95 and a beta of 0.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. The business had revenue of $95.20 million for the quarter, compared to the consensus estimate of $82.49 million. On average, analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 17.18%.

Insider Activity at Old Second Bancorp

In other Old Second Bancorp news, insider Darin Patrick Campbell sold 35,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total transaction of $732,900.00. Following the sale, the insider directly owned 274,589 shares of the company’s stock, valued at $5,749,893.66. The trade was a 11.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $20.98, for a total value of $41,960.00. Following the completion of the sale, the executive vice president owned 24,874 shares of the company’s stock, valued at $521,856.52. The trade was a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,091 shares of company stock worth $776,744. Corporate insiders own 3.80% of the company’s stock.

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.