Insider Selling: Old Second Bancorp (NASDAQ:OSBC) Insider Sells $732,900.00 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 35,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total transaction of $732,900.00. Following the transaction, the insider directly owned 274,589 shares of the company’s stock, valued at approximately $5,749,893.66. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Darin Patrick Campbell also recently made the following trade(s):

• On Friday, February 13th, Darin Patrick Campbell sold 91 shares of Old Second Bancorp stock. The shares were sold at an average price of $20.70, for a total value of $1,883.70.

Old Second Bancorp Trading Up 1.0%

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

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

Old Second Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OSBC. 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. DA Davidson upped their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Old Second Bancorp has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Hedge Funds Weigh In On Old Second Bancorp

Several large investors have recently made changes to their positions in OSBC. Vanguard Group Inc. grew its stake in shares of Old Second Bancorp by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 3,278,388 shares of the financial services provider’s stock worth $63,929,000 after buying an additional 8,395 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Old Second Bancorp by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,260,874 shares of the financial services provider’s stock valued at $44,087,000 after acquiring an additional 55,990 shares in the last quarter. FJ Capital Management LLC raised its position in shares of Old Second Bancorp by 4.5% in the 3rd quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock worth $33,186,000 after purchasing an additional 82,601 shares during the last quarter. Davis Asset Management L.P. boosted its stake in Old Second Bancorp by 16.4% in the 4th quarter. Davis Asset Management L.P. now owns 1,745,523 shares of the financial services provider’s stock worth $34,038,000 after purchasing an additional 245,523 shares in the last quarter. Finally, State Street Corp grew its position in Old Second Bancorp by 12.6% during the 4th quarter. State Street Corp now owns 1,539,419 shares of the financial services provider’s stock valued at $30,019,000 after purchasing an additional 171,941 shares during the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

About Old Second Bancorp

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.