GSA Capital Partners LLP Buys Shares of 34,819 Old Second Bancorp, Inc. $OSBC

GSA Capital Partners LLP bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 34,819 shares of the financial services provider’s stock, valued at approximately $812,000. GSA Capital Partners LLP owned about 0.07% of Old Second Bancorp as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 1,067 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 purchasing an additional 630,265 shares during the last quarter. Empowered Funds LLC raised its stake in Old Second Bancorp by 38.7% during the first quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock worth $2,794,000 after purchasing an additional 46,890 shares during the period. Jane Street Group LLC acquired a new position in Old Second Bancorp in the 1st quarter valued at about $1,378,000. Finally, Strs Ohio acquired a new position in Old Second Bancorp in the 1st quarter valued at about $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Down 0.7%

Old Second Bancorp stock opened at $25.66 on Wednesday. Old Second Bancorp, Inc. has a fifty-two week low of $16.65 and a fifty-two week high of $26.06. 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 firm has a 50 day moving average price of $23.82 and a 200 day moving average price of $21.72. The company has a market capitalization of $1.31 billion, a PE ratio of 14.75 and a beta of 0.70.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.22%. Research analysts expect that Old Second Bancorp, Inc. will post 2.2 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, August 10th. Investors of record on Friday, July 31st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, July 31st. Old Second Bancorp’s payout ratio is currently 16.09%.

Analyst Ratings Changes

Several research firms have recently weighed in on OSBC. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a research note on Friday, May 29th. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Raymond James Financial began coverage on Old Second Bancorp in a research note on Tuesday, July 7th. They set an “outperform” rating and a $26.00 target price for the company. DA Davidson lifted their target price on Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Zacks Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $25.40.

Insider Activity

In related news, CEO James Eccher sold 19,313 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $25.61, for a total transaction of $494,605.93. Following the transaction, the chief executive officer owned 303,399 shares of the company’s stock, valued at approximately $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 accessible 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.

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.