Old Second Bancorp, Inc. $OSBC Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 17.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 143,119 shares of the financial services provider’s stock after selling 30,550 shares during the period. Thrivent Financial for Lutherans’ holdings in Old Second Bancorp were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Old Second Bancorp by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 3,278,388 shares of the financial services provider’s stock valued at $63,929,000 after purchasing an additional 8,395 shares during the period. Dimensional Fund Advisors LP boosted its position in Old Second Bancorp by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,204,884 shares of the financial services provider’s stock valued at $38,111,000 after purchasing an additional 86,416 shares during the period. FJ Capital Management LLC boosted its position in Old Second Bancorp by 4.5% during the 3rd quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock valued at $33,186,000 after purchasing an additional 82,601 shares during the period. Goldman Sachs Group Inc. boosted its position in Old Second Bancorp by 74.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock valued at $24,599,000 after purchasing an additional 630,265 shares during the period. Finally, American Century Companies Inc. boosted its position in Old Second Bancorp by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock valued at $23,990,000 after purchasing an additional 160,429 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OSBC shares. Piper Sandler reduced their price objective on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Stephens initiated coverage on Old Second Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $23.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $21.08 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. Old Second Bancorp, Inc. has a 1 year low of $16.21 and a 1 year high of $22.43. The stock has a fifty day moving average of $20.60 and a two-hundred day moving average of $20.07. The firm has a market capitalization of $1.08 billion, a PE ratio of 12.55 and a beta of 0.71.

Old Second Bancorp (NASDAQ:OSBC) last announced 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). Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%.The business had revenue of $93.77 million for the quarter, compared to analyst estimates of $94.80 million. As a group, research analysts expect that Old Second Bancorp, Inc. will post 2.16 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 1st. Old Second Bancorp’s payout ratio is currently 16.67%.

Old Second Bancorp Company 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.