Comerica Bank Has $1.29 Million Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Comerica Bank cut its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBCGet Rating) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,715 shares of the financial services provider’s stock after selling 780 shares during the period. Comerica Bank owned 0.20% of Old Second Bancorp worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Pinnacle Financial Group LLC IL lifted its position in Old Second Bancorp by 6.9% during the 3rd quarter. Pinnacle Financial Group LLC IL now owns 16,858 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 1,095 shares during the period. CWM LLC lifted its position in Old Second Bancorp by 4,238.3% during the 3rd quarter. CWM LLC now owns 11,323 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 11,062 shares during the period. Raymond James & Associates lifted its position in Old Second Bancorp by 7.6% during the 3rd quarter. Raymond James & Associates now owns 35,309 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 2,500 shares during the period. SummerHaven Investment Management LLC acquired a new position in Old Second Bancorp during the 3rd quarter valued at about $693,000. Finally, Legal & General Group Plc raised its position in shares of Old Second Bancorp by 446.3% in the 2nd quarter. Legal & General Group Plc now owns 12,298 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 10,047 shares during the period. 65.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSBC. StockNews.com began coverage on shares of Old Second Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet upgraded shares of Old Second Bancorp from a “c+” rating to a “b” rating in a research report on Friday, October 14th. Piper Sandler increased their price target on shares of Old Second Bancorp to $21.00 in a research report on Tuesday, November 1st. DA Davidson reiterated a “buy” rating on shares of Old Second Bancorp in a research report on Wednesday, December 21st. Finally, Raymond James increased their price target on shares of Old Second Bancorp from $18.50 to $20.00 and gave the company a “strong-buy” rating in a research report on Friday, October 28th.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $15.25 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $679.75 million, a P/E ratio of 21.48 and a beta of 1.13. The company’s 50 day moving average price is $16.67 and its two-hundred day moving average price is $15.18. Old Second Bancorp, Inc. has a 52 week low of $12.89 and a 52 week high of $17.80.

Old Second Bancorp (NASDAQ:OSBCGet Rating) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $67.07 million for the quarter, compared to the consensus estimate of $60.37 million. Old Second Bancorp had a net margin of 15.47% and a return on equity of 13.40%. On average, analysts expect that Old Second Bancorp, Inc. will post 1.57 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. Old Second Bancorp’s dividend payout ratio is currently 28.17%.

About Old Second Bancorp

(Get Rating)

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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.

See Also

Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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