5,420 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Acquired by R Squared Ltd

R Squared Ltd bought a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,420 shares of the financial services provider’s stock, valued at approximately $96,000.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Old Second Bancorp by 16.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after purchasing an additional 153,187 shares in the last quarter. State Street Corp increased 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 buying an additional 77,143 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Old Second Bancorp by 25.8% in the third quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock worth $973,000 after buying an additional 12,785 shares during the period. Barclays PLC lifted its position in shares of Old Second Bancorp by 81.3% during the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after buying an additional 52,277 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after acquiring an additional 22,747 shares during the period. 67.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on OSBC. DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a report on Thursday, October 17th. Stephens reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Old Second Bancorp in a report on Thursday, January 23rd. Raymond James raised Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Piper Sandler upped their price objective on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $17.79 per share, with a total value of $100,068.75. Following the purchase, the director now directly owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This represents a 43.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Old Second Bancorp Stock Up 0.8 %

Shares of OSBC stock opened at $18.83 on Friday. The company’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $17.07. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $19.37. The stock has a market cap of $844.53 million, a P/E ratio of 10.07 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.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results 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%. Analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, January 31st. Old Second Bancorp’s dividend payout ratio (DPR) is presently 12.83%.

Old Second Bancorp Company 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.