Old Second Bancorp, Inc. $OSBC Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,267,042 shares of the financial services provider’s stock after purchasing an additional 173,724 shares during the period. Kennedy Capital Management LLC’s holdings in Old Second Bancorp were worth $24,707,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OSBC. Boston Partners acquired a new stake in Old Second Bancorp during the 4th quarter worth $15,994,000. Goldman Sachs Group Inc. boosted its stake 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 worth $24,599,000 after purchasing an additional 630,265 shares during the period. Vanguard Group Inc. boosted its stake in Old Second Bancorp by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,269,993 shares of the financial services provider’s stock worth $56,522,000 after purchasing an additional 553,169 shares during the period. Davis Asset Management L.P. boosted its stake in Old Second Bancorp by 16.4% during the 4th quarter. Davis Asset Management L.P. now owns 1,745,523 shares of the financial services provider’s stock worth $34,038,000 after purchasing an additional 245,523 shares during the period. Finally, State Street Corp boosted its stake in Old Second Bancorp by 12.6% during the 4th quarter. State Street Corp now owns 1,539,419 shares of the financial services provider’s stock worth $30,019,000 after purchasing an additional 171,941 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Stock Up 1.3%

Shares of Old Second Bancorp stock opened at $22.50 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 13.39 and a beta of 0.71. 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 one year low of $16.42 and a one year high of $22.54. The firm has a fifty day moving average of $21.16 and a two-hundred day moving average of $20.41.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The firm had revenue of $93.77 million for 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%. On average, analysts forecast that Old Second Bancorp, Inc. will post 2.16 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Old Second Bancorp’s dividend payout ratio is 16.67%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens assumed coverage on shares of Old Second Bancorp in a research note on Friday, March 27th. They set an “overweight” rating and a $23.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research report on Friday, May 29th. Finally, Piper Sandler cut their price objective on shares of 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.