Quest Partners LLC Takes Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Quest Partners LLC bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the fourth quarter, Holdings Channel reports. The firm bought 25,670 shares of the financial services provider’s stock, valued at approximately $396,000.

A number of other institutional investors have also added to or reduced their stakes in OSBC. Swiss National Bank raised its position in Old Second Bancorp by 0.9% in the 3rd quarter. Swiss National Bank now owns 98,100 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 900 shares during the period. Federated Hermes Inc. grew its holdings in Old Second Bancorp by 4.0% in the 3rd quarter. Federated Hermes Inc. now owns 33,764 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 1,313 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Old Second Bancorp by 86.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,464 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Old Second Bancorp by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 16,574 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Old Second Bancorp during the 3rd quarter valued at about $34,000. 67.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OSBC shares. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Thursday, April 4th. Stephens reissued an “overweight” rating and issued a $17.00 target price on shares of Old Second Bancorp in a report on Friday, April 19th.

Old Second Bancorp Price Performance

Old Second Bancorp stock traded up $0.08 during trading on Friday, reaching $14.39. The company had a trading volume of 124,309 shares, compared to its average volume of 179,663. Old Second Bancorp, Inc. has a 1-year low of $11.71 and a 1-year high of $16.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s 50-day simple moving average is $13.98 and its 200 day simple moving average is $14.30. The firm has a market capitalization of $645.39 million, a PE ratio of 7.30 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $83.83 million for the quarter, compared to analyst estimates of $69.50 million. Old Second Bancorp had a return on equity of 16.36% and a net margin of 26.90%. As a group, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 26th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Insider Buying and Selling

In other news, Vice Chairman Gary S. Collins sold 21,002 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $14.23, for a total value of $298,858.46. Following the completion of the sale, the insider now directly owns 46,624 shares in the company, valued at approximately $663,459.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Old Second Bancorp news, Vice Chairman Gary S. Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total value of $43,440.00. Following the completion of the sale, the insider now owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Gary S. Collins sold 21,002 shares of Old Second Bancorp stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total value of $298,858.46. Following the completion of the sale, the insider now directly owns 46,624 shares of the company’s stock, valued at $663,459.52. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Old Second Bancorp Company Profile

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.