River Street Advisors LLC Makes New Investment in Old Second Bancorp, Inc. (NASDAQ:OSBC)

River Street Advisors LLC bought a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 189,149 shares of the financial services provider's stock, valued at approximately $3,363,000. Old Second Bancorp makes up 1.7% of River Street Advisors LLC's portfolio, making the stock its 15th biggest position. River Street Advisors LLC owned about 0.42% of Old Second Bancorp as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Old Second Bancorp by 16.2% during the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock valued at $17,174,000 after purchasing an additional 153,187 shares during the period. State Street Corp raised its stake 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 valued at $19,711,000 after purchasing an additional 77,143 shares during the period. Jane Street Group LLC raised its stake in shares of Old Second Bancorp by 25.8% during the third quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider's stock valued at $973,000 after purchasing an additional 12,785 shares during the period. Barclays PLC raised its stake in shares of Old Second Bancorp by 81.3% during the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after purchasing an additional 52,277 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Old Second Bancorp by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider's stock valued at $16,053,000 after purchasing an additional 22,747 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Rocks Patti Temple purchased 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, with a total value of $100,068.75. Following the completion of the acquisition, the director now owns 18,679 shares in the company, valued at $332,299.41. The trade was a 43.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OSBC has been the topic of a number of analyst reports. DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a research note on Thursday, October 17th. Piper Sandler lifted their price target 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. Stephens restated an "overweight" rating and issued a $21.00 price target on shares of Old Second Bancorp in a research note on Thursday, January 23rd. Finally, 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.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded up $0.07 during mid-day trading on Wednesday, reaching $19.08. The company's stock had a trading volume of 69,172 shares, compared to its average volume of 252,709. The firm has a market cap of $855.57 million, a price-to-earnings ratio of 10.20 and a beta of 1.07. The business has a 50 day moving average price of $18.23 and a 200-day moving average price of $17.14. 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 twelve month low of $13.00 and a twelve month high of $19.37.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Sell-side analysts predict that Old Second Bancorp, Inc. will post 1.87 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 31st. Old Second Bancorp's dividend payout ratio is presently 12.83%.

About Old Second Bancorp

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.