Jupiter Topco LLC Makes New $612,000 Investment in Old Second Bancorp, Inc. $OSBC

Jupiter Topco LLC acquired a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,232 shares of the financial services provider’s stock, valued at approximately $612,000. Jupiter Topco LLC owned 0.05% of Old Second Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in OSBC. Harbour Investments Inc. bought a new position in shares of Old Second Bancorp during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Old Second Bancorp by 458.5% in the 2nd 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 during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Old Second Bancorp during the 4th quarter worth about $27,000. Parkside Financial Bank & Trust acquired a new position in Old Second Bancorp in the fourth quarter valued at about $45,000. Finally, Clearstead Advisors LLC boosted its position in Old Second Bancorp by 793.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,159 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on OSBC. Raymond James Financial initiated coverage on shares of Old Second Bancorp in a report on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price objective for the company. DA Davidson boosted their target price on Old Second Bancorp from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research lowered Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Second Bancorp in a report on Wednesday, August 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Old Second Bancorp has a consensus rating of “Moderate Buy” and an average price target of $25.40.

Insider Activity at Old Second Bancorp

In related news, CEO James Eccher sold 55,687 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 322,712 shares in the company, valued at approximately $8,216,247.52. The trade was a 14.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh McLean sold 25,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $25.73, for a total transaction of $643,250.00. Following the transaction, the director owned 135,351 shares in the company, valued at approximately $3,482,581.23. The trade was a 15.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 124,000 shares of company stock valued at $3,168,367. 3.60% of the stock is owned by corporate insiders.

Old Second Bancorp Stock Performance

OSBC stock opened at $25.72 on Monday. The company has a market cap of $1.31 billion, a P/E ratio of 14.78 and a beta of 0.70. Old Second Bancorp, Inc. has a twelve month low of $16.65 and a twelve month high of $26.06. The business’s fifty day moving average is $24.59 and its 200-day moving average is $22.15. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share 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%. Equities research analysts forecast that Old Second Bancorp, Inc. will post 2.2 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 31st were issued 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 is presently 16.09%.

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.