Jacobs Asset Management LLC Sells 196,740 Shares of Old Second Bancorp, Inc. $OSBC

Jacobs Asset Management LLC trimmed its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 281,477 shares of the financial services provider’s stock after selling 196,740 shares during the quarter. Old Second Bancorp makes up approximately 3.1% of Jacobs Asset Management LLC’s holdings, making the stock its 15th largest position. Jacobs Asset Management LLC owned 0.53% of Old Second Bancorp worth $5,489,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OSBC. American Century Companies Inc. boosted its position in shares of Old Second Bancorp by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock worth $23,990,000 after purchasing an additional 160,429 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of Old Second Bancorp by 9.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 1,093,318 shares of the financial services provider’s stock worth $18,898,000 after purchasing an additional 96,326 shares in the last quarter. Stieven Capital Advisors L.P. boosted its position in shares of Old Second Bancorp by 8.5% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 778,028 shares of the financial services provider’s stock worth $13,448,000 after purchasing an additional 61,000 shares in the last quarter. Blair William & Co. IL lifted its position in Old Second Bancorp by 757.0% in the 3rd quarter. Blair William & Co. IL now owns 154,436 shares of the financial services provider’s stock valued at $2,669,000 after acquiring an additional 136,416 shares in the last quarter. Finally, EJF Capital LLC lifted its position in Old Second Bancorp by 21.3% in the 3rd quarter. EJF Capital LLC now owns 173,834 shares of the financial services provider’s stock valued at $3,005,000 after acquiring an additional 30,548 shares in the last quarter. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Trading Up 1.3%

NASDAQ:OSBC opened at $22.50 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.39 and a beta of 0.71. Old Second Bancorp, Inc. has a one year low of $16.42 and a one year high of $22.54. The business has a fifty day moving average price of $21.16 and a 200-day moving average price of $20.41.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.03). The company had revenue of $93.77 million during the quarter, compared to analysts’ expectations of $94.80 million. Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%. Sell-side analysts forecast that Old Second Bancorp, Inc. will post 2.16 EPS for the current year.

Old Second Bancorp Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 1st. Old Second Bancorp’s dividend payout ratio is 16.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OSBC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Stephens started coverage on Old Second Bancorp in a report on Friday, March 27th. They set an “overweight” rating and a $23.00 price target on the stock. Finally, Piper Sandler lowered their price target on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

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.