Darin Patrick Campbell Sells 35,000 Shares of Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total transaction of $732,900.00. Following the sale, the insider owned 274,589 shares of the company’s stock, valued at $5,749,893.66. This represents a 11.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Stock Performance

Shares of Old Second Bancorp stock opened at $20.57 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of 12.62 and a beta of 0.82. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. Old Second Bancorp, Inc. has a 52 week low of $14.14 and a 52 week high of $22.00. The business’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $18.89.

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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 20.00% and a return on equity of 13.36%. Equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors 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 was Friday, January 30th. Old Second Bancorp’s dividend payout ratio (DPR) is 17.18%.

Analysts Set New Price Targets

OSBC has been the topic of a number of research reports. DA Davidson upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

Institutional Investors Weigh In On Old Second Bancorp

Large investors have recently bought and sold shares of the stock. Harbour Investments Inc. purchased a new position in shares of Old Second Bancorp in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in Old Second Bancorp by 458.5% in the second 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 purchased a new stake in shares of Old Second Bancorp in the 3rd quarter valued at approximately $30,000. Parkside Financial Bank & Trust acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at $45,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Old Second Bancorp by 793.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,159 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

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.