Graham Capital Wealth Management LLC Sells 2,909 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Graham Capital Wealth Management LLC decreased its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,110 shares of the financial services provider’s stock after selling 2,909 shares during the period. Old Second Bancorp accounts for approximately 0.7% of Graham Capital Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Graham Capital Wealth Management LLC’s holdings in Old Second Bancorp were worth $688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Old Second Bancorp by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock worth $33,548,000 after purchasing an additional 45,955 shares during the period. Boston Partners boosted its holdings in Old Second Bancorp by 300.6% during the 1st quarter. Boston Partners now owns 55,735 shares of the financial services provider’s stock valued at $771,000 after acquiring an additional 41,821 shares during the period. Deerfield Management Company L.P. Series C bought a new position in Old Second Bancorp in the 2nd quarter valued at $759,000. SG Americas Securities LLC purchased a new stake in Old Second Bancorp in the second quarter worth $260,000. Finally, AQR Capital Management LLC lifted its position in shares of Old Second Bancorp by 20.1% during the second quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider’s stock worth $4,561,000 after purchasing an additional 51,652 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Analyst Ratings Changes

OSBC has been the topic of several recent analyst reports. Piper Sandler raised their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $19.00 to $18.00 in a research report on Tuesday, September 17th. Finally, DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a research note on Thursday, October 17th.

Old Second Bancorp Stock Down 0.8 %

Shares of OSBC stock traded down $0.13 on Friday, hitting $16.35. The stock had a trading volume of 190,425 shares, compared to its average volume of 226,278. Old Second Bancorp, Inc. has a one year low of $13.00 and a one year high of $17.46. The business has a 50 day moving average price of $16.17 and a 200 day moving average price of $15.25. The company has a market cap of $733.23 million, a PE ratio of 8.30 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Old Second Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be issued a $0.06 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s payout ratio is currently 12.18%.

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.