Curi RMB Capital LLC Sells 50,000 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Curi RMB Capital LLC lowered its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 33.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 100,000 shares of the financial services provider's stock after selling 50,000 shares during the quarter. Curi RMB Capital LLC owned 0.22% of Old Second Bancorp worth $1,559,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in shares of Old Second Bancorp during the 3rd quarter worth approximately $321,000. Aptus Capital Advisors LLC increased its holdings in shares of Old Second Bancorp by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 286,887 shares of the financial services provider's stock valued at $4,473,000 after acquiring an additional 38,804 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Old Second Bancorp in the third quarter valued at $1,962,000. Principal Financial Group Inc. boosted its position in shares of Old Second Bancorp by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 3,313 shares during the period. Finally, Semanteon Capital Management LP lifted its stake in Old Second Bancorp by 67.1% in the third quarter. Semanteon Capital Management LP now owns 36,880 shares of the financial services provider's stock valued at $575,000 after buying an additional 14,805 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Performance

Shares of OSBC stock traded down $0.15 during trading hours on Friday, reaching $18.46. The stock had a trading volume of 274,519 shares, compared to its average volume of 234,756. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $18.86. The firm has a market capitalization of $827.99 million, a PE ratio of 9.98 and a beta of 1.06. The firm has a 50-day simple moving average of $16.45 and a 200-day simple moving average of $15.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $71.16 million during the quarter, compared to analyst estimates 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, equities analysts forecast that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Raymond James downgraded 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. Piper Sandler increased their target price on Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, DA Davidson set a $18.00 price objective on Old Second Bancorp in a research report on Thursday, October 17th.

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.