XTX Topco Ltd Boosts Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

XTX Topco Ltd lifted its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,541 shares of the financial services provider’s stock after purchasing an additional 3,509 shares during the quarter. XTX Topco Ltd’s holdings in Old Second Bancorp were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of OSBC. Dimensional Fund Advisors LP increased its position in Old Second Bancorp by 7.1% during 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 acquiring an additional 134,455 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $18,402,000 after buying an additional 5,224 shares in the last quarter. Stieven Capital Advisors L.P. increased its position 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 worth $11,918,000 after buying an additional 305,420 shares in the last quarter. AQR Capital Management LLC increased its position in Old Second Bancorp by 26.8% in the fourth quarter. AQR Capital Management LLC now owns 404,975 shares of the financial services provider’s stock worth $7,200,000 after buying an additional 85,529 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Old Second Bancorp by 50.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 372,120 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 124,336 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

Shares of OSBC opened at $16.79 on Tuesday. The stock has a 50-day moving average of $17.62 and a two-hundred day moving average of $17.16. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $883.99 million, a P/E ratio of 9.17 and a beta of 0.80.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $75.13 million for the quarter, compared to analysts’ expectations of $63.58 million. Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. As a group, research analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 25th were paid a $0.06 dividend. This represents a dividend yield of 130.0%. The ex-dividend date was Friday, July 25th. Old Second Bancorp’s payout ratio is currently 13.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OSBC. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Piper Sandler reiterated an “overweight” rating and issued a $24.50 price target (up from $22.00) on shares of Old Second Bancorp in a report on Wednesday, July 2nd. DA Davidson raised their price objective on Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods cut their price target on Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Stephens lowered their price objective on 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.70.

Old Second Bancorp 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.