Old Second Bancorp (NASDAQ:OSBC) Insider Sells $612,720.00 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 24,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.53, for a total value of $612,720.00. Following the completion of the transaction, the insider owned 250,589 shares in the company, valued at $6,397,537.17. The trade was a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Old Second Bancorp Trading Up 0.2%

OSBC opened at $25.72 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.78 and a beta of 0.70. 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, Inc. has a twelve month low of $16.65 and a twelve month high of $26.06. The company has a 50-day simple moving average of $24.59 and a 200 day simple moving average of $22.14.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results 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 net margin of 20.22% and a return on equity of 12.79%. Analysts predict that Old Second Bancorp, Inc. will post 2.2 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, July 31st were paid a dividend of $0.07 per share. The ex-dividend date was Friday, July 31st. This represents a $0.28 annualized dividend and a yield of 1.1%. Old Second Bancorp’s dividend payout ratio is presently 16.09%.

Wall Street Analyst Weigh In

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

Institutional Trading of Old Second Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in Old Second Bancorp by 1.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 28,606 shares of the financial services provider’s stock valued at $519,000 after buying an additional 493 shares during the last quarter. Quadrant Capital Group LLC increased its position in 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 acquiring an additional 622 shares during the period. Russell Investments Group Ltd. increased its position 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 valued at $2,186,000 after acquiring an additional 908 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Old Second Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 1,067 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $26,000 after acquiring an additional 1,215 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors.

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.