336,126 Shares in Old Second Bancorp, Inc. $OSBC Purchased by Nuveen LLC

Nuveen LLC bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 336,126 shares of the financial services provider’s stock, valued at approximately $5,593,000. Nuveen LLC owned about 0.75% of Old Second Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSBC. Wells Fargo & Company MN raised its position in Old Second Bancorp by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 27,075 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 5,570 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Old Second Bancorp by 10.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,364 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 1,955 shares during the last quarter. Invesco Ltd. raised its position in Old Second Bancorp by 1.8% during the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider’s stock valued at $1,385,000 after purchasing an additional 1,348 shares during the last quarter. Raymond James Financial Inc. bought a new position in Old Second Bancorp during the 4th quarter valued at approximately $459,000. Finally, Barclays PLC raised its position in Old Second Bancorp by 8.6% during the 4th quarter. Barclays PLC now owns 126,644 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 10,062 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on OSBC shares. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler reissued an “overweight” rating and issued a $24.50 target price (up previously from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Finally, DA Davidson increased their target price on Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Old Second Bancorp presently has a consensus rating of “Buy” and a consensus price target of $20.70.

Old Second Bancorp Stock Down 1.2%

Shares of NASDAQ:OSBC opened at $18.17 on Tuesday. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week 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 firm has a market capitalization of $956.65 million, a P/E ratio of 9.93 and a beta of 0.80. The stock has a 50 day moving average price of $17.81 and a 200-day moving average price of $17.07.

Old Second Bancorp (NASDAQ:OSBC) last posted 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). Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. The company had revenue of $75.13 million for the quarter, compared to the consensus estimate of $63.58 million. As a group, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

About Old Second Bancorp

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.