Vanguard Group Inc. Acquires 73,672 Shares of Old Second Bancorp, Inc. $OSBC

Vanguard Group Inc. increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,711,390 shares of the financial services provider’s stock after purchasing an additional 73,672 shares during the period. Vanguard Group Inc. owned 6.02% of Old Second Bancorp worth $45,118,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of Old Second Bancorp by 3.9% during the first quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 808 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Old Second Bancorp by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 843 shares in the last quarter. Quarry LP raised its position in Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 974 shares in the last quarter. Principal Financial Group Inc. raised its position in Old Second Bancorp by 3.1% during the first quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Old Second Bancorp by 1.8% during the fourth quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider’s stock worth $1,385,000 after buying an additional 1,348 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Old Second Bancorp Trading Down 1.2%

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 firm has a 50-day moving average price of $17.81 and a two-hundred day moving average price of $17.07. The firm has a market cap of $956.65 million, a price-to-earnings ratio of 9.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results 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. On average, equities analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 25th were given a dividend of $0.06 per share. This represents a dividend yield of 130.0%. The ex-dividend date of this dividend was Friday, July 25th. Old Second Bancorp’s dividend payout ratio 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.