Aptus Capital Advisors LLC Buys 38,804 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Aptus Capital Advisors LLC grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 286,887 shares of the financial services provider's stock after buying an additional 38,804 shares during the quarter. Aptus Capital Advisors LLC owned 0.64% of Old Second Bancorp worth $4,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Old Second Bancorp during the second quarter worth about $33,000. Innealta Capital LLC bought a new position in shares of Old Second Bancorp during the 2nd quarter worth approximately $49,000. Ameritas Investment Partners Inc. boosted its stake in Old Second Bancorp by 19.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider's stock valued at $72,000 after buying an additional 853 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Old Second Bancorp in the 1st quarter worth about $90,000. Finally, CWM LLC increased its holdings in shares of Old Second Bancorp by 36.3% during the third quarter. CWM LLC now owns 7,966 shares of the financial services provider's stock worth $124,000 after buying an additional 2,123 shares in the last quarter. 67.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on OSBC shares. Piper Sandler lifted their price target on Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Friday, October 18th. DA Davidson set a $18.00 price objective on Old Second Bancorp in a research report on Thursday, October 17th. Finally, 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.

Old Second Bancorp Stock Down 0.4 %

Shares of Old Second Bancorp stock traded down $0.07 on Wednesday, reaching $18.53. 216,731 shares of the company were exchanged, compared to its average volume of 234,194. The company has a market capitalization of $831.07 million, a price-to-earnings ratio of 10.02 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, Inc. has a one year low of $13.00 and a one year high of $18.86. The company has a 50-day moving average of $16.38 and a 200 day moving average of $15.57.

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

Old Second Bancorp Increases Dividend

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

Old Second Bancorp 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.