River Street Advisors LLC Purchases 380,589 Shares of Old Second Bancorp, Inc. $OSBC

River Street Advisors LLC grew its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 104.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 746,660 shares of the financial services provider’s stock after buying an additional 380,589 shares during the quarter. Old Second Bancorp accounts for approximately 5.1% of River Street Advisors LLC’s holdings, making the stock its 3rd biggest holding. River Street Advisors LLC owned 1.44% of Old Second Bancorp worth $15,053,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $26,000. 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 acquiring an additional 1,215 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Old Second Bancorp during the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in Old Second Bancorp during the fourth quarter worth approximately $45,000. Finally, Clearstead Advisors LLC grew its stake in 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 worth $47,000 after acquiring an additional 2,159 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OSBC shares. Stephens assumed coverage on Old Second Bancorp in a research note on Friday, March 27th. They issued an “overweight” rating and a $23.00 target price for the company. Piper Sandler raised their price objective on Old Second Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Old Second Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $23.38 on Friday. Old Second Bancorp, Inc. has a 52 week low of $16.42 and a 52 week high of $23.55. The firm’s 50 day moving average is $21.39 and its two-hundred day moving average is $20.63. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.20 billion, a P/E ratio of 13.92 and a beta of 0.71.

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

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 1st. Old Second Bancorp’s dividend payout ratio (DPR) is 16.67%.

About Old Second Bancorp

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.