Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins Sells 21,002 Shares

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 21,002 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total transaction of $298,858.46. Following the completion of the transaction, the insider now owns 46,624 shares of the company’s stock, valued at approximately $663,459.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Old Second Bancorp Trading Up 0.3 %

NASDAQ OSBC opened at $14.40 on Friday. The stock has a market capitalization of $645.78 million, a P/E ratio of 7.29 and a beta of 1.08. The business has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $14.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Old Second Bancorp, Inc. has a one year low of $11.11 and a one year high of $16.76.

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

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 26th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Institutional Trading of Old Second Bancorp

Several large investors have recently made changes to their positions in OSBC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Old Second Bancorp by 45.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,147 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 4,767 shares during the period. Inspire Investing LLC bought a new position in shares of Old Second Bancorp in the third quarter valued at $638,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Old Second Bancorp by 86.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,464 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Old Second Bancorp during the third quarter worth about $372,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Old Second Bancorp in the 3rd quarter worth about $34,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSBC. Stephens restated an “overweight” rating and issued a $17.00 price objective on shares of Old Second Bancorp in a report 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 price target on the stock in a research report on Thursday, April 4th.

About Old Second Bancorp

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.