Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 39.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,426 shares of the financial services provider’s stock after purchasing an additional 21,235 shares during the quarter. Barclays PLC owned about 0.17% of Old Second Bancorp worth $1,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OSBC. Dorsey Wright & Associates acquired a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Old Second Bancorp in the second quarter valued at approximately $48,000. Tower Research Capital LLC TRC increased its holdings in shares of Old Second Bancorp by 281.1% in the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 5,925 shares during the last quarter. UBS Group AG increased its holdings in shares of Old Second Bancorp by 140.8% in the second quarter. UBS Group AG now owns 11,068 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,471 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 65.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on OSBC

Old Second Bancorp Trading Down 0.7 %

OSBC opened at $14.72 on Tuesday. Old Second Bancorp, Inc. has a 52 week low of $10.79 and a 52 week high of $17.80. The business has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $14.19. The firm has a market cap of $657.62 million, a P/E ratio of 7.25 and a beta of 1.12. 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 (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. Old Second Bancorp had a return on equity of 19.45% and a net margin of 30.18%. The business had revenue of $71.80 million during the quarter, compared to analyst estimates of $74.03 million. On average, equities analysts expect that Old Second Bancorp, Inc. will post 2.16 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. Old Second Bancorp’s dividend payout ratio is currently 9.85%.

About Old Second Bancorp

(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.

Recommended Stories

Want to see what other hedge funds are holding OSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report).

Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Old Second Bancorp, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Old Second Bancorp wasn’t on the list.

While Old Second Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here