Old Second Bancorp, Inc. $OSBC Shares Sold by JCSD Capital LLC

JCSD Capital LLC decreased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 28.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 74,100 shares of the financial services provider’s stock after selling 29,200 shares during the quarter. Old Second Bancorp comprises approximately 1.7% of JCSD Capital LLC’s investment portfolio, making the stock its 12th largest holding. JCSD Capital LLC’s holdings in Old Second Bancorp were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OSBC. EverSource Wealth Advisors LLC raised its holdings in Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,215 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Old Second Bancorp during the 3rd quarter worth approximately $30,000. Danske Bank A S boosted its holdings in shares of Old Second Bancorp by 1,266.7% in the 4th quarter. Danske Bank A S now owns 4,100 shares of the financial services provider’s stock valued at $80,000 after buying an additional 3,800 shares in the last quarter. Strs Ohio purchased a new position in shares of Old Second Bancorp in the 1st quarter valued at $88,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Old Second Bancorp by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after buying an additional 540 shares during the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

Shares of OSBC opened at $20.71 on Friday. The company’s 50 day simple moving average is $20.46 and its 200-day simple moving average is $19.96. The firm has a market cap of $1.07 billion, a PE ratio of 12.33 and a beta of 0.71. Old Second Bancorp, Inc. has a 12-month low of $16.21 and a 12-month high of $22.43. The company has a current ratio of 0.90, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.03). The business had revenue of $93.77 million during the quarter, compared to analysts’ expectations of $94.80 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. As a group, equities analysts predict that Old Second Bancorp, Inc. will post 2.16 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Old Second Bancorp’s dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stephens initiated coverage on shares of Old Second Bancorp in a research note on Friday, March 27th. They set an “overweight” rating and a $23.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. Piper Sandler cut their target price on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Finally, DA Davidson boosted their target price on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Insider Activity at Old Second Bancorp

In other news, insider Darin Patrick Campbell sold 35,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total transaction of $732,900.00. Following the completion of the sale, the insider owned 274,589 shares in the company, valued at approximately $5,749,893.66. This represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.60% 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.