Old Second Bancorp, Inc. (NASDAQ:OSBC) Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 2.7% during the 2nd quarter, Holdings Channel reports. The fund owned 73,155 shares of the financial services provider’s stock after acquiring an additional 1,923 shares during the quarter. Rhumbline Advisers’ holdings in Old Second Bancorp were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Old Second Bancorp by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 379,626 shares of the financial services provider’s stock valued at $5,861,000 after purchasing an additional 10,827 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Old Second Bancorp by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock worth $21,419,000 after acquiring an additional 167,355 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Old Second Bancorp by 90.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 69,265 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 32,815 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Old Second Bancorp by 9.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock valued at $16,395,000 after acquiring an additional 91,442 shares during the period. Finally, Banc Funds Co. LLC raised its holdings in Old Second Bancorp by 3.7% during the fourth quarter. Banc Funds Co. LLC now owns 2,126,262 shares of the financial services provider’s stock worth $32,829,000 after purchasing an additional 74,952 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Down 2.9 %

Shares of Old Second Bancorp stock opened at $16.25 on Monday. Old Second Bancorp, Inc. has a 12-month low of $13.00 and a 12-month high of $17.46. The firm has a market capitalization of $728.75 million, a PE ratio of 8.25 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $16.36 and its 200-day moving average is $14.87.

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

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 26th were given a $0.05 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Insider Buying and Selling

In other Old Second Bancorp news, Director John Ladowicz sold 30,585 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following 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 available through the SEC website. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

OSBC has been the subject of a number of research reports. Raymond James lowered Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $19.00 to $18.00 in a research note on Tuesday, September 17th. DA Davidson upped their price objective on Old Second Bancorp from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Piper Sandler lifted their target price on Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Old Second Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

About Old Second Bancorp

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.