EJF Capital LLC Purchases 30,548 Shares of Old Second Bancorp, Inc. $OSBC

EJF Capital LLC grew its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,834 shares of the financial services provider’s stock after buying an additional 30,548 shares during the quarter. Old Second Bancorp makes up about 1.7% of EJF Capital LLC’s investment portfolio, making the stock its 22nd biggest position. EJF Capital LLC owned 0.33% of Old Second Bancorp worth $3,005,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OSBC. Goldman Sachs Group Inc. boosted its holdings in shares of Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock worth $24,599,000 after acquiring an additional 630,265 shares in the last quarter. Vanguard Group Inc. raised its position in Old Second Bancorp by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,269,993 shares of the financial services provider’s stock valued at $56,522,000 after purchasing an additional 553,169 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Old Second Bancorp by 93.3% in the second quarter. Kennedy Capital Management LLC now owns 996,992 shares of the financial services provider’s stock worth $17,687,000 after purchasing an additional 481,302 shares in the last quarter. River Street Advisors LLC bought a new stake in shares of Old Second Bancorp during the third quarter worth $6,637,000. Finally, Davis Asset Management L.P. increased its stake in shares of Old Second Bancorp by 25.9% in the second quarter. Davis Asset Management L.P. now owns 1,384,502 shares of the financial services provider’s stock valued at $24,561,000 after buying an additional 284,502 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Insider Buying and Selling

In other news, insider Darin Patrick Campbell sold 35,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total value of $732,900.00. Following the completion of the transaction, the insider owned 274,589 shares of the company’s stock, valued at $5,749,893.66. The trade was a 11.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $20.98, for a total transaction of $41,960.00. Following the completion of the sale, the executive vice president owned 24,874 shares of the company’s stock, valued at approximately $521,856.52. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,091 shares of company stock worth $776,744 over the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on OSBC. DA Davidson increased their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Old Second Bancorp Stock Down 2.9%

NASDAQ:OSBC opened at $19.63 on Friday. 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 12-month low of $14.14 and a 12-month high of $22.00. The stock’s fifty day simple moving average is $20.23 and its 200-day simple moving average is $19.01. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.04 and a beta of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a return on equity of 13.36% and a net margin of 20.00%.The firm had revenue of $95.21 million for the quarter, compared to analyst estimates of $82.49 million. Equities research analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were given 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 was Friday, January 30th. Old Second Bancorp’s dividend payout ratio (DPR) is currently 17.18%.

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.