Y Intercept Hong Kong Ltd Acquires New Holdings in Old Second Bancorp, Inc. $OSBC

Y Intercept Hong Kong Ltd bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the first quarter, Holdings Channel.com reports. The firm bought 52,576 shares of the financial services provider’s stock, valued at approximately $1,060,000.

Several other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 630,265 shares during the last quarter. Empowered Funds LLC boosted its position in Old Second Bancorp by 38.7% during the 1st quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock worth $2,794,000 after buying an additional 46,890 shares during the period. Jane Street Group LLC bought a new stake in Old Second Bancorp during the 1st quarter worth approximately $1,378,000. Finally, Strs Ohio bought a new stake in Old Second Bancorp during the 1st quarter worth approximately $88,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Up 0.2%

NASDAQ:OSBC traded up $0.04 on Friday, reaching $22.89. 370,665 shares of the stock traded hands, compared to its average volume of 397,674. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.62 and a beta of 0.70. The company’s 50 day moving average is $21.82 and its 200-day moving average is $20.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. Old Second Bancorp, Inc. has a 1-year low of $16.42 and a 1-year high of $23.95.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%.The firm had revenue of $93.77 million during the quarter, compared to analyst estimates of $94.80 million. Equities research analysts anticipate that Old Second Bancorp, Inc. will post 2.15 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 1st. Old Second Bancorp’s dividend payout ratio (DPR) is currently 16.67%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OSBC. Raymond James Financial started coverage on shares of Old Second Bancorp in a research note on Tuesday. They set an “outperform” rating and a $26.00 price target for the company. Stephens began coverage on shares of Old Second Bancorp in a research note on Friday, March 27th. They issued an “overweight” rating and a $23.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Finally, Piper Sandler raised their target price on Old Second Bancorp from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

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.