Y Intercept Hong Kong Ltd Purchases Shares of 62,465 Old Second Bancorp, Inc. (NASDAQ:OSBC)

Y Intercept Hong Kong Ltd purchased a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 62,465 shares of the financial services provider's stock, valued at approximately $974,000. Y Intercept Hong Kong Ltd owned about 0.14% of Old Second Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in OSBC. Davis Asset Management L.P. acquired a new stake in shares of Old Second Bancorp during the second quarter worth $8,623,000. Assenagon Asset Management S.A. grew its position in shares of Old Second Bancorp by 180.3% during 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 raised its stake 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. lifted its holdings in Old Second Bancorp by 19.7% in the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider's stock worth $11,851,000 after acquiring an additional 131,623 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Old Second Bancorp in the third quarter valued at approximately $1,962,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

OSBC traded down $0.12 during trading hours on Friday, hitting $18.39. The company's stock had a trading volume of 418,887 shares, compared to its average volume of 232,607. The company has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $16.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $824.79 million, a PE ratio of 9.94 and a beta of 1.08. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $19.37.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 25.02% and a return on equity of 13.81%. As a group, sell-side analysts expect that Old Second Bancorp, Inc. will post 1.95 EPS for the current year.

Old Second Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.06 dividend. This is a positive change from Old Second Bancorp's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, October 25th. Old Second Bancorp's dividend payout ratio is currently 12.97%.

Analysts Set New Price Targets

Several analysts recently issued reports on OSBC shares. DA Davidson set a $18.00 price target on Old Second Bancorp in a report on Thursday, October 17th. Raymond James cut Old Second Bancorp from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $19.00 to $18.00 in a research note on Tuesday, September 17th. Finally, Piper Sandler upped 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 report on Friday, October 18th.

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.