Old Second Bancorp, Inc. $OSBC Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 22.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,284 shares of the financial services provider’s stock after acquiring an additional 6,149 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Old Second Bancorp worth $590,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. FJ Capital Management LLC grew its position in Old Second Bancorp by 0.8% during the first quarter. FJ Capital Management LLC now owns 1,810,720 shares of the financial services provider’s stock worth $30,130,000 after buying an additional 15,108 shares during the period. Goldman Sachs Group Inc. increased its holdings in Old Second Bancorp by 74.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after buying an additional 630,265 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Old Second Bancorp by 9.7% during the 1st quarter. American Century Companies Inc. now owns 1,139,741 shares of the financial services provider’s stock valued at $18,965,000 after acquiring an additional 101,246 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Old Second Bancorp by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 954,275 shares of the financial services provider’s stock worth $15,879,000 after acquiring an additional 7,337 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Trading Down 0.5%

Shares of OSBC stock opened at $18.42 on Tuesday. The company has a market capitalization of $970.16 million, a price-to-earnings ratio of 12.20 and a beta of 0.86. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $17.87 and a 200 day moving average price of $17.70. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $19.46.

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

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, October 31st were issued a dividend of $0.07 per share. The ex-dividend date was Friday, October 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Old Second Bancorp’s dividend payout ratio (DPR) is 18.54%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. 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 restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $21.63.

Insider Activity

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 value of $557,434.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by company insiders.

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.