Old Second Bancorp, Inc. $OSBC is FJ Capital Management LLC’s 7th Largest Position

FJ Capital Management LLC lowered its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,829,665 shares of the financial services provider’s stock after selling 90,269 shares during the quarter. Old Second Bancorp makes up approximately 4.0% of FJ Capital Management LLC’s investment portfolio, making the stock its 7th largest position. FJ Capital Management LLC’s holdings in Old Second Bancorp were worth $35,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 1,067 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock worth $24,599,000 after acquiring an additional 630,265 shares in the last quarter. Empowered Funds LLC increased its holdings in Old Second Bancorp by 38.7% in the 1st quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock worth $2,794,000 after acquiring an additional 46,890 shares in the last quarter. Jane Street Group LLC purchased a new stake in Old Second Bancorp in the 1st quarter worth approximately $1,378,000. Finally, Strs Ohio purchased a new stake in Old Second Bancorp in the 1st quarter worth approximately $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Trading Up 1.3%

Shares of OSBC opened at $22.50 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90. Old Second Bancorp, Inc. has a 1 year low of $16.42 and a 1 year high of $22.54. The company has a 50 day simple moving average of $21.16 and a two-hundred day simple moving average of $20.41. The firm has a market cap of $1.16 billion, a P/E ratio of 13.39 and a beta of 0.71.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The company had revenue of $93.77 million for the quarter, compared to analysts’ expectations of $94.80 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 1st. Old Second Bancorp’s dividend payout ratio is currently 16.67%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OSBC. Weiss Ratings reissued a “buy (b)” rating on shares of Old Second Bancorp in a report on Friday, May 29th. Piper Sandler reduced their target price on shares of Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Stephens began coverage on shares of Old Second Bancorp in a report on Friday, March 27th. They issued an “overweight” rating and a $23.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

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.