Federated Hermes Inc. Has $481,000 Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Federated Hermes Inc. lowered its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,159 shares of the financial services provider’s stock after selling 2,605 shares during the quarter. Federated Hermes Inc. owned about 0.07% of Old Second Bancorp worth $481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Old Second Bancorp during the third quarter valued at about $34,000. Allspring Global Investments Holdings LLC increased its holdings in Old Second Bancorp by 86.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,464 shares in the last quarter. SG Americas Securities LLC bought a new stake in Old Second Bancorp during the 4th quarter worth approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Old Second Bancorp by 45.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,147 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 4,767 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of Old Second Bancorp in the third quarter valued at approximately $322,000. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

OSBC stock opened at $14.36 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market cap of $644.05 million, a PE ratio of 7.29 and a beta of 1.08. The business has a 50 day moving average of $13.64 and a 200-day moving average of $14.21. Old Second Bancorp, Inc. has a 12-month low of $10.79 and a 12-month high of $16.76.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. The business had revenue of $83.83 million during the quarter, compared to the consensus estimate of $69.50 million. As a group, sell-side analysts expect that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is 10.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OSBC shares. Stephens reiterated an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a report on Friday, April 19th. Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Thursday, April 4th.

Insider Buying and Selling at Old Second Bancorp

In other news, Vice Chairman Gary S. Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total transaction of $43,440.00. Following the completion of the sale, the insider now owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.