Old Second Bancorp, Inc. $OSBC Shares Sold by JCSD Capital LLC

JCSD Capital LLC decreased its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,100 shares of the financial services provider’s stock after selling 29,200 shares during the quarter. Old Second Bancorp accounts for approximately 1.7% of JCSD Capital LLC’s portfolio, making the stock its 12th largest position. JCSD Capital LLC owned about 0.14% of Old Second Bancorp worth $1,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OSBC. Vanguard Group Inc. grew its stake in shares of Old Second Bancorp by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 3,278,388 shares of the financial services provider’s stock valued at $63,929,000 after buying an additional 8,395 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Old Second Bancorp by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,204,884 shares of the financial services provider’s stock worth $38,111,000 after acquiring an additional 86,416 shares in the last quarter. FJ Capital Management LLC boosted its holdings in Old Second Bancorp by 4.5% during the 3rd quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock valued at $33,186,000 after acquiring an additional 82,601 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Old Second Bancorp by 74.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after acquiring an additional 630,265 shares during the period. Finally, American Century Companies Inc. grew its position in Old Second Bancorp by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock valued at $23,990,000 after acquiring an additional 160,429 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Old Second Bancorp

In other Old Second Bancorp news, insider Darin Patrick Campbell sold 35,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total value of $732,900.00. Following the sale, the insider directly owned 274,589 shares of the company’s stock, valued at approximately $5,749,893.66. This represents a 11.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.60% of the company’s stock.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC opened at $20.71 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.91. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.33 and a beta of 0.71. The stock’s 50-day moving average is $20.46 and its two-hundred day moving average is $19.96. Old Second Bancorp, Inc. has a 1-year low of $16.21 and a 1-year high of $22.43.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.03). Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. The company had revenue of $93.77 million during the quarter, compared to analysts’ expectations of $94.80 million. Analysts forecast that Old Second Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OSBC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Stephens assumed coverage on shares of Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 price objective for the company. Piper Sandler cut their target price on shares of Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Finally, DA Davidson increased their target price on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Old Second Bancorp Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.