Old Second Bancorp, Inc. $OSBC Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 57.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,857 shares of the financial services provider’s stock after selling 21,294 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Old Second Bancorp were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in Old Second Bancorp in the first quarter valued at $5,593,000. CWM LLC increased its holdings in shares of Old Second Bancorp by 108.3% in the 1st quarter. CWM LLC now owns 20,305 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 10,559 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Old Second Bancorp in the 1st quarter valued at about $668,000. Vanguard Group Inc. lifted its position in Old Second Bancorp by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider’s stock valued at $45,118,000 after purchasing an additional 73,672 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in Old Second Bancorp during the 1st quarter valued at about $1,720,000. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Trading Down 0.6%

Shares of Old Second Bancorp stock opened at $17.95 on Friday. The business has a fifty day simple moving average of $17.85 and a 200-day simple moving average of $17.66. The firm has a market cap of $945.41 million, a price-to-earnings ratio of 11.89 and a beta of 0.86. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $19.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $95.88 million during the quarter, compared to analyst estimates of $80.45 million. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. On average, equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 31st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, October 31st. Old Second Bancorp’s payout ratio is presently 18.54%.

Insider Buying and Selling at Old Second Bancorp

In other news, insider Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock in a transaction on Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

OSBC has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. Finally, DA Davidson raised their price target on Old Second Bancorp from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $21.63.

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.