Old Second Bancorp, Inc. (NASDAQ:OSBC) Holdings Raised by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 6.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 410,808 shares of the financial services provider’s stock after buying an additional 25,400 shares during the period. Stieven Capital Advisors L.P.’s holdings in Old Second Bancorp were worth $7,304,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in Old Second Bancorp by 6.5% in the third quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after purchasing an additional 77,143 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock valued at $17,174,000 after buying an additional 153,187 shares during the period. Geode Capital Management LLC boosted its stake in Old Second Bancorp by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 22,747 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Old Second Bancorp by 180.3% during the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock worth $6,915,000 after acquiring an additional 285,314 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Old Second Bancorp by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 358,346 shares of the financial services provider’s stock valued at $5,587,000 after acquiring an additional 25,570 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

OSBC has been the subject of several analyst reports. Raymond James raised Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Stephens reiterated an “overweight” rating and issued a $21.00 target price on shares of Old Second Bancorp in a report on Thursday, January 23rd.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock opened at $18.80 on Friday. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $19.46. 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 stock has a market cap of $843.18 million, a PE ratio of 10.05 and a beta of 1.07. The business has a fifty day simple moving average of $18.29 and a 200-day simple moving average of $17.26.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were paid a $0.06 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.24 annualized dividend and a yield of 1.28%. Old Second Bancorp’s dividend payout ratio is presently 12.83%.

Insider Buying and Selling at Old Second Bancorp

In other news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the purchase, the director now directly owns 18,679 shares of the company’s stock, valued at $332,299.41. This trade represents a 43.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

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.