Blair William & Co. IL Acquires 136,416 Shares of Old Second Bancorp, Inc. $OSBC

Blair William & Co. IL raised its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 757.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,436 shares of the financial services provider’s stock after buying an additional 136,416 shares during the period. Blair William & Co. IL owned about 0.29% of Old Second Bancorp worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OSBC. EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,215 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Old Second Bancorp during the third quarter worth $30,000. Mather Group LLC. purchased a new stake in Old Second Bancorp in the 3rd quarter valued at $67,000. Strs Ohio bought a new position in Old Second Bancorp during the 1st quarter valued at $88,000. Finally, Tower Research Capital LLC TRC lifted its stake in Old Second Bancorp by 446.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 5,153 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $20.98, for a total value of $41,960.00. Following the sale, the executive vice president owned 24,874 shares of the company’s stock, valued at $521,856.52. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Darin Patrick Campbell sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total value of $732,900.00. Following the transaction, the insider directly owned 274,589 shares of the company’s stock, valued at $5,749,893.66. The trade was a 11.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,091 shares of company stock worth $776,744. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Trading Up 0.4%

NASDAQ:OSBC opened at $19.56 on Friday. Old Second Bancorp, Inc. has a 1 year low of $14.14 and a 1 year high of $22.00. The stock’s fifty day moving average price is $20.20 and its two-hundred day moving average price is $19.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $1.03 billion, a P/E ratio of 12.00 and a beta of 0.79.

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

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Friday, January 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend 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 presently 17.18%.

Analyst Ratings Changes

A number of brokerages recently commented on OSBC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. DA Davidson increased 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 report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Old Second Bancorp has a consensus rating of “Moderate Buy” and an average price target of $22.63.

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.