CenterBook Partners LP Takes Position in Old Second Bancorp, Inc. $OSBC

CenterBook Partners LP bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,797 shares of the financial services provider’s stock, valued at approximately $792,000. CenterBook Partners LP owned about 0.09% of Old Second Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OSBC. EverSource Wealth Advisors LLC lifted its holdings in Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,215 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Old Second Bancorp during the third quarter valued at approximately $30,000. Mather Group LLC. purchased a new stake in Old Second Bancorp in the third quarter worth $67,000. Strs Ohio purchased a new position in Old Second Bancorp during the 1st quarter valued at $88,000. Finally, Tower Research Capital LLC TRC raised its holdings in Old Second Bancorp by 446.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 5,153 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC opened at $20.57 on Friday. The company has a 50 day simple moving average of $20.31 and a two-hundred day simple moving average of $18.90. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $22.00. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Old Second Bancorp had a return on equity of 13.36% and a net margin of 20.00%.The firm had revenue of $95.21 million for the quarter, compared to analysts’ expectations of $82.49 million. Analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, January 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, January 30th. Old Second Bancorp’s dividend payout ratio is currently 17.18%.

Insider Buying and Selling at Old Second Bancorp

In other Old Second Bancorp news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $20.98, for a total transaction of $41,960.00. Following the completion of the sale, the executive vice president directly owned 24,874 shares in the company, valued at approximately $521,856.52. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darin Patrick Campbell sold 35,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total transaction of $732,900.00. Following the sale, the insider owned 274,589 shares in the company, valued at approximately $5,749,893.66. The trade was a 11.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,091 shares of company stock valued at $776,744 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OSBC. DA Davidson lifted their target price on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Finally, Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

Old Second Bancorp Company 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.