Dynamic Technology Lab Private Ltd Purchases New Stake in Old Second Bancorp, Inc. $OSBC

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the third quarter, Holdings Channel reports. The fund acquired 41,951 shares of the financial services provider’s stock, valued at approximately $725,000.

Several other hedge funds also recently added to or reduced their stakes in OSBC. EverSource Wealth Advisors LLC increased its position in shares of Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,215 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Old Second Bancorp in the 3rd quarter valued at about $30,000. Mather Group LLC. bought a new position in shares of Old Second Bancorp during the third quarter worth about $67,000. Strs Ohio bought a new position in shares of Old Second Bancorp during the first quarter worth about $88,000. Finally, Tower Research Capital LLC TRC grew its stake in Old Second Bancorp by 446.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 5,153 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Trading Up 0.4%

NASDAQ OSBC opened at $19.62 on Tuesday. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $22.00. The company has a 50-day simple moving average of $20.19 and a 200-day simple moving average of $19.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $1.03 billion, a PE ratio of 12.04 and a beta of 0.79.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. On average, equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSBC. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. DA Davidson increased their target price on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Four investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Insider Buying and Selling

In other news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $20.98, for a total transaction of $41,960.00. Following the sale, the executive vice president directly owned 24,874 shares in the company, valued at approximately $521,856.52. This represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darin Patrick Campbell sold 35,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,091 shares of company stock worth $776,744 over the last quarter. Insiders own 3.80% of the company’s stock.

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.