Susquehanna Fundamental Investments LLC Increases Stock Position in Old Second Bancorp, Inc. $OSBC

Susquehanna Fundamental Investments LLC raised its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 208.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,693 shares of the financial services provider’s stock after buying an additional 34,268 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.10% of Old Second Bancorp worth $1,182,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Los Angeles Capital Management LLC boosted its stake in shares of Old Second Bancorp by 1.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 28,606 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 493 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Old Second Bancorp by 32.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,523 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 622 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Old Second Bancorp by 0.8% in the 4th quarter. Russell Investments Group Ltd. now owns 112,121 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 908 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Old Second Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,067 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position 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. Institutional investors and hedge funds own 67.76% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James Eccher sold 55,687 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $25.46, for a total transaction of $1,417,791.02. Following the completion of the sale, the chief executive officer owned 322,712 shares of the company’s stock, valued at approximately $8,216,247.52. This represents a 14.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Old Second Bancorp Stock Performance

NASDAQ OSBC opened at $25.08 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $24.44 and its 200-day simple moving average is $22.05. The company has a market cap of $1.28 billion, a PE ratio of 14.41 and a beta of 0.70. Old Second Bancorp, Inc. has a 1-year low of $16.65 and a 1-year high of $26.06.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.22%. As a group, equities research analysts anticipate that Old Second Bancorp, Inc. will post 2.2 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 31st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, July 31st. Old Second Bancorp’s dividend payout ratio (DPR) is currently 16.09%.

Analyst Upgrades and Downgrades

OSBC has been the topic of several research analyst reports. Zacks Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Piper Sandler reiterated an “overweight” rating and set a $30.00 target price (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a research note on Wednesday, August 26th. Raymond James Financial assumed coverage on shares of Old Second Bancorp in a report on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, DA Davidson upped their price objective on shares of Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $25.40.

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.