Cwm LLC Has $338,000 Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Cwm LLC grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 108.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,305 shares of the financial services provider’s stock after purchasing an additional 10,559 shares during the quarter. Cwm LLC’s holdings in Old Second Bancorp were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Old Second Bancorp by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider’s stock valued at $46,899,000 after purchasing an additional 181,783 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Old Second Bancorp by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider’s stock valued at $35,906,000 after purchasing an additional 134,455 shares in the last quarter. American Century Companies Inc. increased its stake in Old Second Bancorp by 10.5% in the fourth quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider’s stock valued at $18,464,000 after purchasing an additional 98,617 shares in the last quarter. Geode Capital Management LLC increased its stake in Old Second Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,034,709 shares of the financial services provider’s stock valued at $18,402,000 after purchasing an additional 5,224 shares in the last quarter. Finally, Stieven Capital Advisors L.P. increased its stake in Old Second Bancorp by 74.3% in the first quarter. Stieven Capital Advisors L.P. now owns 716,228 shares of the financial services provider’s stock valued at $11,918,000 after purchasing an additional 305,420 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Trading Up 0.4%

NASDAQ:OSBC opened at $17.85 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $17.55 and a 200-day moving average of $17.25. The company has a market cap of $804.32 million, a PE ratio of 9.75 and a beta of 0.81. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Old Second Bancorp had a return on equity of 12.73% and a net margin of 24.38%. The firm had revenue of $75.13 million during the quarter, compared to the consensus estimate of $63.58 million. As a group, equities research analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 25th will be given a $0.06 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 25th. Old Second Bancorp’s payout ratio is 13.11%.

Analysts Set New Price Targets

Several research firms have weighed in on OSBC. Keefe, Bruyette & Woods decreased their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. DA Davidson boosted their target price on shares of Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler reissued an “overweight” rating and set a $24.50 target price (up from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Stephens decreased their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.70.

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.