Insider Selling: Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Sells 3,000 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $14.48, for a total value of $43,440.00. Following the transaction, the insider now owns 89,893 shares of the company’s stock, valued at $1,301,650.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Old Second Bancorp Trading Down 0.7 %

Shares of OSBC stock opened at $14.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $629.25 million, a P/E ratio of 7.12 and a beta of 1.10. The business’s 50 day moving average is $13.59 and its two-hundred day moving average is $14.20. Old Second Bancorp, Inc. has a twelve month low of $10.79 and a twelve month high of $16.76.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $83.83 million for the quarter, compared to analyst estimates of $69.50 million. Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. Equities analysts forecast that Old Second Bancorp, Inc. will post 1.91 EPS for the current year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OSBC shares. Stephens reiterated an “overweight” rating and issued a $17.00 price objective on shares of Old Second Bancorp in a research note on Friday, April 19th. Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Thursday, April 4th.

Institutional Trading of Old Second Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in OSBC. Swiss National Bank grew its stake in Old Second Bancorp by 0.9% in the 3rd quarter. Swiss National Bank now owns 98,100 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 900 shares during the period. Federated Hermes Inc. raised its position in shares of Old Second Bancorp by 4.0% in the 3rd quarter. Federated Hermes Inc. now owns 33,764 shares of the financial services provider’s stock worth $460,000 after buying an additional 1,313 shares during the period. Allspring Global Investments Holdings LLC increased its position in Old Second Bancorp by 86.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,464 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Old Second Bancorp by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 16,574 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Old Second Bancorp in the third quarter worth about $34,000. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.