Janus Henderson Group PLC Decreases Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Janus Henderson Group PLC cut its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,237 shares of the financial services provider’s stock after selling 1,202 shares during the quarter. Janus Henderson Group PLC’s holdings in Old Second Bancorp were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centiva Capital LP raised its position in shares of Old Second Bancorp by 36.2% in the third quarter. Centiva Capital LP now owns 18,294 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 4,861 shares during the period. Paloma Partners Management Co purchased a new position in Old Second Bancorp in the 3rd quarter valued at approximately $204,000. BNP Paribas Financial Markets raised its holdings in Old Second Bancorp by 271.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,967 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 24,084 shares during the period. Quantbot Technologies LP lifted its position in shares of Old Second Bancorp by 134.0% during the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 3,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Old Second Bancorp by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 358,346 shares of the financial services provider’s stock worth $5,587,000 after acquiring an additional 25,570 shares during the period. Institutional investors own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OSBC shares. DA Davidson set a $18.00 price objective on Old Second Bancorp in a research note on Thursday, October 17th. Raymond James cut 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 report on Tuesday, September 17th. Finally, Piper Sandler boosted their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th.

Old Second Bancorp Price Performance

Old Second Bancorp stock opened at $18.39 on Friday. The stock has a market cap of $824.85 million, a price-to-earnings ratio of 9.94 and a beta of 1.08. 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 business has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $16.22. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $71.16 million during the quarter, compared to analyst estimates of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. On average, research analysts forecast that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.31%. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s dividend payout ratio (DPR) is 12.97%.

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.