Wellington Management Group LLP Lowers Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Wellington Management Group LLP lowered its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 322,537 shares of the financial services provider's stock after selling 71,663 shares during the quarter. Wellington Management Group LLP owned about 0.72% of Old Second Bancorp worth $5,028,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Old Second Bancorp in the second quarter worth $33,000. Innealta Capital LLC purchased a new position in Old Second Bancorp in the second quarter worth $49,000. Quantbot Technologies LP grew its stake in shares of 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 valued at $98,000 after buying an additional 3,587 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Old Second Bancorp during the third quarter valued at about $101,000. Finally, CWM LLC grew its stake in shares of Old Second Bancorp by 36.3% during the third quarter. CWM LLC now owns 7,966 shares of the financial services provider's stock valued at $124,000 after buying an additional 2,123 shares during the last quarter. Institutional investors own 67.76% of the company's stock.

Old Second Bancorp Trading Down 2.5 %

Shares of NASDAQ OSBC traded down $0.47 during trading hours on Tuesday, hitting $18.13. The company's stock had a trading volume of 191,203 shares, compared to its average volume of 232,107. 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 has a market cap of $813.18 million, a price-to-earnings ratio of 9.86 and a beta of 1.08. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $19.37. The business has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $16.27.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $71.16 million for the quarter, compared to analysts' expectations of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. On average, analysts anticipate that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.06 dividend. The ex-dividend date was Friday, October 25th. 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 1.32%. Old Second Bancorp's dividend payout ratio (DPR) is 12.97%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OSBC shares. Raymond James cut Old Second Bancorp from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, September 17th. Piper Sandler raised their price objective on Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Finally, DA Davidson set a $18.00 price objective on Old Second Bancorp in a research note on Thursday, October 17th.

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.