Darin Patrick Campbell Sells 35,000 Shares of Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $20.94, for a total value of $732,900.00. Following the transaction, the insider owned 274,589 shares in the company, valued at $5,749,893.66. This represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Darin Patrick Campbell also recently made the following trade(s):

• On Friday, February 13th, Darin Patrick Campbell sold 91 shares of Old Second Bancorp stock. The stock was sold at an average price of $20.70, for a total value of $1,883.70.

Old Second Bancorp Stock Performance

Shares of OSBC traded down $0.17 on Thursday, reaching $20.37. 261,716 shares of the stock traded hands, compared to its average volume of 355,497. The stock’s 50-day moving average price is $20.31 and its 200-day moving average price is $18.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 12.50 and a beta of 0.82. Old Second Bancorp, Inc. has a 12 month low of $14.14 and a 12 month high of $22.00.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $95.21 million during the quarter, compared to analysts’ expectations of $82.49 million. Old Second Bancorp had a return on equity of 13.36% and a net margin of 20.00%. Equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

Analysts Set New Price Targets

OSBC has been the subject of a number of analyst reports. DA Davidson raised their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods raised their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. 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 company has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Institutional Investors Weigh In On Old Second Bancorp

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

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.