Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) Vice Chairman Gary S. Collins sold 3,000 shares of the company's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $14.48, for a total transaction of $43,440.00. Following the sale, the insider now directly owns 89,893 shares in the company, valued at $1,301,650.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Old Second Bancorp Price Performance
Shares of OSBC stock opened at $14.50 on Thursday. Old Second Bancorp, Inc. has a 1 year low of $10.79 and a 1 year high of $16.76. The firm's 50 day moving average is $13.58 and its 200-day moving average is $14.20. The firm has a market capitalization of $650.33 million, a price-to-earnings ratio of 7.36 and a beta of 1.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. The company had revenue of $83.83 million for the quarter, compared to analyst estimates of $69.50 million. Sell-side analysts forecast that Old Second Bancorp, Inc. will post 1.91 EPS for the current fiscal year.
Old Second Bancorp Announces Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.20 annualized dividend and a yield of 1.38%. Old Second Bancorp's dividend payout ratio is currently 10.15%.
Analyst Ratings Changes
OSBC has been the topic of several research analyst reports. Stephens reaffirmed an "overweight" rating and set a $17.00 price objective on shares of Old Second Bancorp in a research note on Friday, April 19th. Raymond James upgraded shares of Old Second Bancorp from an "outperform" rating to a "strong-buy" rating and set a $17.00 target price on the stock in a research report on Thursday, April 4th.
Check Out Our Latest Analysis on OSBC
Hedge Funds Weigh In On Old Second Bancorp
Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Old Second Bancorp in the third quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC raised its holdings in Old Second Bancorp by 86.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,464 shares during the period. Criterion Capital Advisors LLC acquired a new stake in Old Second Bancorp in the fourth quarter worth $46,000. SG Americas Securities LLC acquired a new stake in Old Second Bancorp in the fourth quarter worth $149,000. Finally, Quadrature Capital Ltd acquired a new stake in Old Second Bancorp in the fourth quarter worth $172,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.
About Old Second Bancorp
(
Get Free Report)
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.
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