Old Second Bancorp, Inc. $OSBC Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,520 shares of the financial services provider’s stock after selling 4,100 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.19% of Old Second Bancorp worth $1,730,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OSBC. Strs Ohio acquired a new position in Old Second Bancorp in the first quarter valued at $88,000. Quarry LP grew its holdings in Old Second Bancorp by 145.5% in the 1st quarter. Quarry LP now owns 5,802 shares of the financial services provider’s stock valued at $97,000 after buying an additional 3,439 shares during the period. EMC Capital Management purchased a new stake in Old Second Bancorp in the 2nd quarter valued at about $150,000. Quantbot Technologies LP increased its stake in shares of Old Second Bancorp by 50.4% during the 1st quarter. Quantbot Technologies LP now owns 11,322 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 3,794 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Old Second Bancorp during the 1st quarter worth about $193,000. Institutional investors and hedge funds own 67.76% of the company’s stock.

Insider Activity at Old Second Bancorp

In other Old Second Bancorp news, insider Darin Patrick Campbell sold 31,159 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $17.89, for a total value of $557,434.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Price Performance

OSBC opened at $18.42 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 50 day moving average of $17.87 and a two-hundred day moving average of $17.70. The company has a market cap of $970.16 million, a P/E ratio of 12.20 and a beta of 0.86. 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 posted its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. The business had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. On average, analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OSBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.63.

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.