EMC Capital Management Takes $150,000 Position in Old Second Bancorp, Inc. $OSBC

EMC Capital Management acquired a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,435 shares of the financial services provider’s stock, valued at approximately $150,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSBC. Envestnet Asset Management Inc. increased its stake in Old Second Bancorp by 33.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 27,135 shares of the financial services provider’s stock valued at $452,000 after buying an additional 6,771 shares during the period. CWM LLC boosted its holdings in shares of Old Second Bancorp by 108.3% in the first quarter. CWM LLC now owns 20,305 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 10,559 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Old Second Bancorp during the first quarter valued at approximately $558,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Old Second Bancorp during the first quarter worth approximately $201,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Old Second Bancorp in the first quarter worth approximately $193,000. Institutional investors own 67.76% of the company’s stock.

Insider Buying and Selling at Old Second Bancorp

In related news, insider Darin Patrick Campbell sold 31,159 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson raised their price objective on shares of Old Second Bancorp from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Old Second Bancorp presently has a consensus rating of “Buy” and an average price target of $21.63.

Old Second Bancorp Trading Up 1.1%

Shares of NASDAQ OSBC opened at $18.05 on Thursday. Old Second Bancorp, Inc. has a 12 month low of $14.14 and a 12 month high of $19.46. The company has a market cap of $950.68 million, a price-to-earnings ratio of 11.95 and a beta of 0.86. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $17.86 and a 200-day simple moving average of $17.65.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. The business had revenue of $95.88 million for the quarter, compared to the consensus estimate of $80.45 million. Sell-side analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 31st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, October 31st. Old Second Bancorp’s dividend payout ratio (DPR) is 18.54%.

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.