Old Second Bancorp (NASDAQ:OSBC) Insider Darin Patrick Campbell Sells 24,000 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 24,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $25.53, for a total value of $612,720.00. Following the sale, the insider owned 250,589 shares in the company, valued at $6,397,537.17. The trade was a 8.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Old Second Bancorp Stock Performance

OSBC opened at $25.68 on Friday. The company has a market cap of $1.31 billion, a P/E ratio of 14.76 and a beta of 0.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $24.54 and its 200-day moving average price is $22.12. Old Second Bancorp, Inc. has a 52-week low of $16.65 and a 52-week high of $26.06.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. As a group, equities analysts anticipate that Old Second Bancorp, Inc. will post 2.2 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

Institutional Trading of Old Second Bancorp

Several large investors have recently made changes to their positions in OSBC. Harbour Investments Inc. acquired a new stake in shares of Old Second Bancorp in the fourth quarter worth $26,000. Rockefeller Capital Management L.P. purchased a new position in shares of Old Second Bancorp during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC lifted its position in Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,215 shares during the period. Parkside Financial Bank & Trust acquired a new position in Old Second Bancorp during the fourth quarter valued at $45,000. Finally, Clearstead Advisors LLC boosted its holdings in Old Second Bancorp by 793.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,159 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James Financial initiated coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price objective for the company. Piper Sandler restated an “overweight” rating and issued a $30.00 target price (up from $26.00) on shares of Old Second Bancorp in a research note on Monday, July 27th. Zacks Research cut Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday. DA Davidson boosted their price target on Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

Old Second Bancorp Company 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.