Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 81.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,582 shares of the financial services provider's stock after acquiring an additional 52,277 shares during the period. Barclays PLC owned about 0.26% of Old Second Bancorp worth $1,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Old Second Bancorp by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider's stock valued at $25,188,000 after acquiring an additional 138,253 shares during the last quarter. State Street Corp lifted its position in shares of Old Second Bancorp by 6.5% during the third quarter. State Street Corp now owns 1,264,359 shares of the financial services provider's stock worth $19,711,000 after purchasing an additional 77,143 shares during the last quarter. American Century Companies Inc. grew its stake 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 purchasing an additional 131,623 shares in the last quarter. Davis Asset Management L.P. bought a new stake in Old Second Bancorp in the second quarter valued at about $8,623,000. Finally, Assenagon Asset Management S.A. raised its stake in Old Second Bancorp by 180.3% during the third 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 in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of Old Second Bancorp stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now owns 18,679 shares in the company, valued at approximately $332,299.41. This trade represents a 43.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

OSBC has been the subject of several analyst reports. Piper Sandler boosted their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Raymond James upgraded shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, DA Davidson set a $18.00 price objective on Old Second Bancorp in a research report on Thursday, October 17th.

Old Second Bancorp Price Performance

OSBC traded down $0.23 on Friday, reaching $17.84. The company had a trading volume of 155,238 shares, compared to its average volume of 234,249. The company has a market capitalization of $800.18 million, a P/E ratio of 9.64 and a beta of 1.08. 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 company has a fifty day moving average of $17.92 and a 200-day moving average of $16.49. Old Second Bancorp, Inc. has a one year low of $13.00 and a one year high of $19.37.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data 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. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. The business had revenue of $71.16 million during the quarter, compared to analysts' expectations of $70.95 million. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 25th. This is a boost from Old Second Bancorp's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.35%. Old Second Bancorp's dividend payout ratio (DPR) is 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.