State Street Corp Grows Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

State Street Corp boosted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,264,359 shares of the financial services provider's stock after purchasing an additional 77,143 shares during the period. State Street Corp owned approximately 2.82% of Old Second Bancorp worth $19,711,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in Old Second Bancorp in the 2nd quarter valued at approximately $33,000. Innealta Capital LLC purchased a new stake in shares of Old Second Bancorp in the second quarter valued at approximately $49,000. Quantbot Technologies LP grew its holdings in Old Second Bancorp by 134.0% during the third 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 during the period. Point72 DIFC Ltd purchased a new position in Old Second Bancorp in the third quarter worth $101,000. Finally, CWM LLC grew its stake in shares of Old Second Bancorp by 36.3% during 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 during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.3 %

Old Second Bancorp stock traded down $0.05 during trading on Tuesday, reaching $17.79. The company had a trading volume of 144,776 shares, compared to its average volume of 234,641. Old Second Bancorp, Inc. has a 12-month low of $13.00 and a 12-month high of $19.37. 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 stock's 50 day moving average price is $17.81 and its two-hundred day moving average price is $16.39. The firm has a market capitalization of $797.93 million, a price-to-earnings ratio of 9.62 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $71.16 million for the quarter, compared to analyst estimates of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. As a group, equities analysts expect that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

Old Second Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.35%. This is a positive change from Old Second Bancorp's previous quarterly dividend of $0.05. Old Second Bancorp's dividend payout ratio is presently 12.97%.

Wall Street Analyst Weigh In

A number of analysts recently commented on OSBC shares. Piper Sandler boosted their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. DA Davidson set a $18.00 price target on Old Second Bancorp in a research note on Thursday, October 17th. Finally, Raymond James raised Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th.

Old Second Bancorp Company 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.