Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Sells $43,440.00 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 3,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was 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 directly owns 89,893 shares of the company’s stock, valued at approximately $1,301,650.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Old Second Bancorp Trading Down 2.6 %

NASDAQ OSBC opened at $14.13 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Old Second Bancorp, Inc. has a one year low of $10.79 and a one year high of $16.76. The company has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $14.20. The firm has a market capitalization of $633.73 million, a PE ratio of 7.17 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $83.83 million during the quarter, compared to analyst estimates of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. On average, equities analysts forecast 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 announced 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 1.42%. The ex-dividend date is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is presently 10.15%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Old Second Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Old Second Bancorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 2,260,597 shares of the financial services provider’s stock worth $30,767,000 after acquiring an additional 33,149 shares during the last quarter. Banc Funds Co. LLC boosted its stake in Old Second Bancorp by 3.7% during the 4th quarter. Banc Funds Co. LLC now owns 2,126,262 shares of the financial services provider’s stock valued at $32,829,000 after purchasing an additional 74,952 shares during the period. Dimensional Fund Advisors LP grew its position in Old Second Bancorp by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock worth $21,419,000 after purchasing an additional 167,355 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Old Second Bancorp by 9.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock valued at $16,395,000 after purchasing an additional 91,442 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Old Second Bancorp by 14.6% during the third quarter. American Century Companies Inc. now owns 447,267 shares of the financial services provider’s stock valued at $6,087,000 after buying an additional 57,092 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors.

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.