GSA Capital Partners LLP Makes New $1.96 Million Investment in Old Second Bancorp, Inc. (NASDAQ:OSBC)

GSA Capital Partners LLP purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,831 shares of the financial services provider's stock, valued at approximately $1,962,000. GSA Capital Partners LLP owned approximately 0.28% of Old Second Bancorp at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Davis Asset Management L.P. bought a new position in Old Second Bancorp in the 2nd quarter valued at about $8,623,000. Assenagon Asset Management S.A. increased its stake in Old Second Bancorp by 180.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider's stock valued at $6,915,000 after buying an additional 285,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Old Second Bancorp by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider's stock worth $25,188,000 after acquiring an additional 138,253 shares during the period. American Century Companies Inc. grew its stake in Old Second Bancorp by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider's stock valued at $11,851,000 after purchasing an additional 131,623 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Old Second Bancorp by 20.1% during the 2nd quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider's stock valued at $4,561,000 after purchasing an additional 51,652 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Stock Down 0.4 %

Shares of OSBC traded down $0.07 during midday trading on Wednesday, reaching $18.53. 216,729 shares of the stock were exchanged, compared to its average volume of 234,194. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $18.86. The company's 50 day moving average is $16.32 and its two-hundred day moving average is $15.52. The company has a market capitalization of $831.07 million, a P/E ratio of 10.16 and a beta of 1.06. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $71.16 million for the quarter, compared to analysts' expectations of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. On average, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.06 per share. This is a boost from Old Second Bancorp's previous quarterly dividend of $0.05. The ex-dividend date was Friday, October 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. Old Second Bancorp's dividend payout ratio is presently 12.97%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OSBC shares. DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a report on Thursday, October 17th. Piper Sandler increased their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Raymond James lowered shares of Old Second Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $19.00 to $18.00 in a report on Tuesday, September 17th.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.