Stieven Capital Advisors L.P. Has $6.01 Million Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Stieven Capital Advisors L.P. reduced its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 26.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 385,408 shares of the financial services provider's stock after selling 141,077 shares during the period. Stieven Capital Advisors L.P. owned 0.86% of Old Second Bancorp worth $6,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Old Second Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider's stock valued at $33,548,000 after acquiring an additional 45,955 shares during the period. Boston Partners increased its position in Old Second Bancorp by 300.6% in the 1st quarter. Boston Partners now owns 55,735 shares of the financial services provider's stock worth $771,000 after buying an additional 41,821 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in shares of Old Second Bancorp during the second quarter worth approximately $759,000. SG Americas Securities LLC acquired a new position in shares of Old Second Bancorp during the second quarter worth approximately $260,000. Finally, AQR Capital Management LLC boosted its position in shares of Old Second Bancorp by 20.1% in the second quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider's stock valued at $4,561,000 after acquiring an additional 51,652 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Old Second Bancorp Stock Performance

Shares of NASDAQ OSBC 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 327,597. The company has a market cap of $827.93 million, a price-to-earnings ratio of 9.98 and a beta of 1.06. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $18.86. The business's fifty day moving average is $16.45 and its two-hundred day moving average is $15.64. 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 announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $71.16 million during the quarter, compared to analysts' expectations of $70.95 million. As a group, research analysts expect that Old Second Bancorp, Inc. will post 1.95 EPS for the current year.

Old Second Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid 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 1.30%. Old Second Bancorp's dividend payout ratio (DPR) is currently 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.