33,909 Shares in Old Second Bancorp, Inc. $OSBC Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,909 shares of the financial services provider’s stock, valued at approximately $791,000.

Several other institutional investors also recently bought and sold shares of OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 1,067 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Old Second Bancorp by 74.3% in 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 in the last quarter. Empowered Funds LLC raised its stake in shares of Old Second Bancorp by 38.7% in the 1st quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock valued at $2,794,000 after acquiring an additional 46,890 shares in the last quarter. Jane Street Group LLC acquired a new stake in Old Second Bancorp in the 1st quarter worth approximately $1,378,000. Finally, Strs Ohio acquired a new stake in Old Second Bancorp in the 1st quarter worth approximately $88,000. 67.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO James Eccher sold 19,313 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $25.61, for a total transaction of $494,605.93. Following the transaction, the chief executive officer directly owned 303,399 shares in the company, valued at $7,770,048.39. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson upped their target price on Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Piper Sandler reissued an “overweight” rating and issued a $30.00 price target (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Raymond James Financial initiated coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Second Bancorp in a report on Wednesday. Finally, Zacks Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.40.

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock opened at $25.24 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $1.28 billion, a PE ratio of 14.51 and a beta of 0.70. The firm has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $21.98. Old Second Bancorp, Inc. has a fifty-two week low of $16.65 and a fifty-two week high of $26.06.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. Analysts expect that Old Second Bancorp, Inc. will post 2.2 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Old Second Bancorp’s dividend payout ratio (DPR) is 16.09%.

About Old Second Bancorp

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.