Quest Partners LLC Has $208,000 Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Quest Partners LLC lessened its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 41.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,036 shares of the financial services provider’s stock after selling 10,047 shares during the period. Quest Partners LLC’s holdings in Old Second Bancorp were worth $208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in Old Second Bancorp by 19.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider’s stock worth $72,000 after buying an additional 853 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Old Second Bancorp by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider’s stock worth $245,000 after buying an additional 1,807 shares in the last quarter. Rhumbline Advisers lifted its position in Old Second Bancorp by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 73,155 shares of the financial services provider’s stock worth $1,083,000 after buying an additional 1,923 shares in the last quarter. nVerses Capital LLC acquired a new position in Old Second Bancorp during the 2nd quarter worth about $33,000. Finally, Principal Financial Group Inc. lifted its position in Old Second Bancorp by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 28,930 shares of the financial services provider’s stock worth $428,000 after buying an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

Shares of NASDAQ:OSBC opened at $16.54 on Monday. The stock has a market capitalization of $741.75 million, a P/E ratio of 8.40 and a beta of 1.07. Old Second Bancorp, Inc. has a 1-year low of $13.00 and a 1-year high of $17.46. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $14.76.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $70.82 million for the quarter, compared to the consensus estimate of $70.03 million. Old Second Bancorp had a return on equity of 14.83% and a net margin of 25.62%. Equities analysts predict that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 26th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. DA Davidson upped their price target on shares of Old Second Bancorp from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Piper Sandler upped their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $18.13.

Insider Activity

In other news, Director John Ladowicz sold 30,585 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $16.22, for a total value of $496,088.70. Following the completion of the sale, the director now directly owns 189,192 shares of the company’s stock, valued at approximately $3,068,694.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by company insiders.

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.