JPMorgan Chase & Co. Has $17.17 Million Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

JPMorgan Chase & Co. boosted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,101,634 shares of the financial services provider's stock after buying an additional 153,187 shares during the quarter. JPMorgan Chase & Co. owned 2.46% of Old Second Bancorp worth $17,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OSBC. Quantbot Technologies LP boosted its stake in shares of Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider's stock worth $98,000 after acquiring an additional 3,587 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Old Second Bancorp in the 3rd quarter valued at $101,000. CWM LLC increased its stake in Old Second Bancorp by 36.3% in the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider's stock worth $124,000 after purchasing an additional 2,123 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Old Second Bancorp during the 3rd quarter worth about $158,000. Finally, Paloma Partners Management Co purchased a new stake in Old Second Bancorp during the third quarter valued at about $204,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Old Second Bancorp

In related news, Director Rocks Patti Temple purchased 5,625 shares of Old Second Bancorp stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $17.79 per share, with a total value of $100,068.75. Following the completion of the transaction, the director now directly owns 18,679 shares of the company's stock, valued at approximately $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company's stock.

Old Second Bancorp Stock Down 2.9 %

Shares of NASDAQ OSBC traded down $0.52 during mid-day trading on Friday, reaching $17.27. The company had a trading volume of 245,532 shares, compared to its average volume of 218,122. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $774.61 million, a price-to-earnings ratio of 9.34 and a beta of 1.08. The stock has a fifty day moving average of $18.14 and a two-hundred day moving average of $16.73. Old Second Bancorp, Inc. has a 12-month low of $13.00 and a 12-month high of $19.37.

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

Old Second Bancorp Increases Dividend

The company also recently disclosed 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 of this dividend was Friday, October 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. Old Second Bancorp's dividend payout ratio (DPR) is presently 12.97%.

Analyst Ratings Changes

Several research firms have recently weighed in on OSBC. Raymond James raised shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Piper Sandler raised their price objective 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, DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a research note 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.