189,149 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Purchased by River Street Advisors LLC

River Street Advisors LLC bought a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 189,149 shares of the financial services provider’s stock, valued at approximately $3,363,000. Old Second Bancorp accounts for 1.7% of River Street Advisors LLC’s portfolio, making the stock its 15th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Old Second Bancorp by 180.3% during the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock valued at $6,915,000 after purchasing an additional 285,314 shares during the period. JPMorgan Chase & Co. raised its stake in Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock valued at $17,174,000 after buying an additional 153,187 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Old Second Bancorp during the 3rd quarter valued at $1,962,000. State Street Corp boosted its stake in shares of Old Second Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after buying an additional 77,143 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Old Second Bancorp in the third quarter worth $974,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James raised 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 report on Friday, October 18th. DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and set a $21.00 price target on shares of Old Second Bancorp in a research note on Thursday, January 23rd.

Insider Buying and Selling at Old Second Bancorp

In related news, Director Rocks Patti Temple acquired 5,625 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $17.79 per share, with a total value of $100,068.75. Following the acquisition, the director now directly owns 18,679 shares in the company, valued at $332,299.41. This represents a 43.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Stock Down 0.2 %

OSBC stock opened at $18.79 on Friday. The business’s 50-day moving average price is $18.22 and its 200-day moving average price is $17.10. The stock has a market cap of $842.73 million, a P/E ratio of 10.05 and a beta of 1.08. The company has a quick ratio of 0.84, a current 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) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, equities research analysts forecast that Old Second Bancorp, Inc. will post 1.87 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.28%. Old Second Bancorp’s payout ratio is presently 12.83%.

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.