American Century Companies Inc. Increases Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

American Century Companies Inc. lifted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 353,899 shares of the financial services provider’s stock after purchasing an additional 39,867 shares during the quarter. American Century Companies Inc. owned about 0.79% of Old Second Bancorp worth $4,976,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSBC. Dorsey Wright & Associates purchased a new position in Old Second Bancorp during the 4th quarter valued at $31,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Old Second Bancorp during the 2nd quarter valued at $48,000. Tower Research Capital LLC TRC boosted its holdings in Old Second Bancorp by 281.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 5,925 shares during the period. Arizona State Retirement System purchased a new position in Old Second Bancorp during the 4th quarter valued at $161,000. Finally, State of Wyoming boosted its holdings in Old Second Bancorp by 190.3% during the 4th quarter. State of Wyoming now owns 10,144 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 6,650 shares during the period. Hedge funds and other institutional investors own 65.85% of the company’s stock.

Old Second Bancorp Trading Down 2.4 %

Shares of NASDAQ OSBC opened at $14.46 on Thursday. The firm has a market cap of $645.93 million, a PE ratio of 7.12 and a beta of 1.13. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. Old Second Bancorp, Inc. has a twelve month low of $10.79 and a twelve month high of $17.80. The business has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $14.00.

Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $74.03 million. Old Second Bancorp had a return on equity of 19.45% and a net margin of 30.18%. Analysts expect that Old Second Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, July 27th. Old Second Bancorp’s payout ratio is 9.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OSBC shares. Raymond James boosted their price objective on Old Second Bancorp from $17.00 to $19.00 and gave the company a “strong-buy” rating in a report on Friday, July 21st. StockNews.com initiated coverage on Old Second Bancorp in a research report on Thursday, August 17th. They set a “hold” rating for the company. Piper Sandler lifted their target price on Old Second Bancorp from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $18.00 target price on shares of Old Second Bancorp in a research report on Thursday, July 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $18.67.

View Our Latest Report on Old Second Bancorp

Old Second Bancorp Profile

(Free Report)

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.