American Century Companies Inc. Acquires 160,429 Shares of Old Second Bancorp, Inc. $OSBC

American Century Companies Inc. raised its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,387,891 shares of the financial services provider’s stock after buying an additional 160,429 shares during the quarter. American Century Companies Inc. owned about 2.64% of Old Second Bancorp worth $23,990,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Quantbot Technologies LP grew its stake in shares of Old Second Bancorp by 218.3% in the third quarter. Quantbot Technologies LP now owns 34,512 shares of the financial services provider’s stock worth $597,000 after acquiring an additional 23,668 shares during the last quarter. R Squared Ltd raised its stake in Old Second Bancorp by 27.2% during the 3rd quarter. R Squared Ltd now owns 30,899 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 6,598 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Old Second Bancorp by 8.8% in the 3rd quarter. Intech Investment Management LLC now owns 20,047 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 1,620 shares during the period. Persistent Asset Partners Ltd bought a new stake in Old Second Bancorp in the 3rd quarter valued at $314,000. Finally, CenterBook Partners LP acquired a new stake in Old Second Bancorp in the 3rd quarter worth $792,000. 67.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Second Bancorp

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

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock opened at $19.55 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.99 and a beta of 0.79. Old Second Bancorp, Inc. has a 1-year low of $14.14 and a 1-year high of $22.00. The firm’s 50-day moving average price is $20.20 and its two-hundred day moving average price is $19.10.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $95.20 million during the quarter, compared to analysts’ expectations of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. On average, equities analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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