Kennedy Capital Management LLC Boosts Position in Old Second Bancorp, Inc. $OSBC

Kennedy Capital Management LLC lifted its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 9.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,093,318 shares of the financial services provider’s stock after purchasing an additional 96,326 shares during the quarter. Kennedy Capital Management LLC owned about 2.08% of Old Second Bancorp worth $18,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. River Street Advisors LLC acquired a new position in Old Second Bancorp in the third quarter valued at approximately $6,637,000. Thrivent Financial for Lutherans increased its stake in Old Second Bancorp by 42.1% during the second quarter. Thrivent Financial for Lutherans now owns 189,920 shares of the financial services provider’s stock worth $3,369,000 after acquiring an additional 56,240 shares during the last quarter. 4WEALTH Advisors Inc. purchased a new stake in Old Second Bancorp in the third quarter valued at $580,000. Geode Capital Management LLC lifted its stake in shares of Old Second Bancorp by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,151,371 shares of the financial services provider’s stock valued at $20,429,000 after purchasing an additional 24,565 shares during the last quarter. Finally, Sara Bay Financial acquired a new position in shares of Old Second Bancorp in the 3rd quarter valued at $1,712,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.5%

Shares of OSBC stock traded down $0.09 on Friday, hitting $19.47. The stock had a trading volume of 26,947 shares, compared to its average volume of 359,527. The company’s 50 day moving average price is $20.20 and its 200-day moving average price is $19.12. Old Second Bancorp, Inc. has a 1 year low of $14.14 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $1.03 billion, a P/E ratio of 11.94 and a beta of 0.79.

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. The company had revenue of $95.20 million during the quarter, compared to the consensus estimate of $82.49 million. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.00%. Analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Friday, January 30th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. Old Second Bancorp’s dividend payout ratio is 17.18%.

Insider Activity at Old Second Bancorp

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

Analyst Ratings Changes

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

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.