Thrivent Financial for Lutherans Acquires 56,240 Shares of Old Second Bancorp, Inc. $OSBC

Thrivent Financial for Lutherans boosted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 42.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,920 shares of the financial services provider’s stock after buying an additional 56,240 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.36% of Old Second Bancorp worth $3,369,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,215 shares during the last quarter. Strs Ohio acquired a new stake in Old Second Bancorp during the 1st quarter valued at $88,000. Quarry LP boosted its position in Old Second Bancorp by 145.5% during the first quarter. Quarry LP now owns 5,802 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 3,439 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Old Second Bancorp by 446.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 5,153 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Old Second Bancorp in the second quarter valued at about $125,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

NASDAQ OSBC opened at $20.53 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.08 billion, a P/E ratio of 13.60 and a beta of 0.83. Old Second Bancorp, Inc. has a 12-month low of $14.14 and a 12-month high of $20.96. The firm has a 50-day moving average price of $18.75 and a two-hundred day moving average price of $18.11.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, topping 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 12.34%. The company had revenue of $95.88 million for the quarter, compared to analysts’ expectations of $80.45 million. Analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 31st were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.28 annualized dividend and a yield of 1.4%. Old Second Bancorp’s payout ratio is currently 18.54%.

Insiders Place Their Bets

In other news, insider Darin Patrick Campbell sold 31,159 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.63.

Old Second Bancorp Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.