Susquehanna Fundamental Investments LLC Boosts Position in Old Second Bancorp, Inc. $OSBC

Susquehanna Fundamental Investments LLC lifted its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 208.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,693 shares of the financial services provider’s stock after purchasing an additional 34,268 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Old Second Bancorp were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OSBC. Harbour Investments Inc. purchased a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in Old Second Bancorp by 458.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,215 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Old Second Bancorp in the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in Old Second Bancorp during the fourth quarter worth $45,000. Finally, Clearstead Advisors LLC increased its stake in Old Second Bancorp by 793.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,431 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,159 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OSBC shares. Raymond James Financial began coverage on Old Second Bancorp in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price target on the stock. Piper Sandler reissued an “overweight” rating and set a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. DA Davidson boosted their price objective on shares of Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Zacks Research raised shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Second Bancorp in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $25.40.

Old Second Bancorp Stock Performance

OSBC opened at $25.08 on Wednesday. Old Second Bancorp, Inc. has a 52 week low of $16.65 and a 52 week high of $26.06. The business has a fifty day simple moving average of $24.44 and a 200-day simple moving average of $22.05. The firm has a market cap of $1.28 billion, a P/E ratio of 14.41 and a beta of 0.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a return on equity of 12.79% and a net margin of 20.22%. On average, equities analysts expect that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 31st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, July 31st. Old Second Bancorp’s dividend payout ratio is currently 16.09%.

Insider Activity at Old Second Bancorp

In related news, CEO James Eccher sold 55,687 shares of Old Second Bancorp stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $25.46, for a total value of $1,417,791.02. Following the completion of the transaction, the chief executive officer owned 322,712 shares in the company, valued at approximately $8,216,247.52. The trade was a 14.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.60% of the company’s stock.

Old Second Bancorp Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.