Old Second Bancorp, Inc. $OSBC Shares Bought by River Street Advisors LLC

River Street Advisors LLC raised its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 104.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 746,660 shares of the financial services provider’s stock after buying an additional 380,589 shares during the quarter. Old Second Bancorp comprises 5.1% of River Street Advisors LLC’s portfolio, making the stock its 3rd biggest position. River Street Advisors LLC’s holdings in Old Second Bancorp were worth $15,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Kennedy Capital Management LLC raised its holdings in Old Second Bancorp by 9.7% during the third quarter. Kennedy Capital Management LLC now owns 1,093,318 shares of the financial services provider’s stock worth $18,898,000 after acquiring an additional 96,326 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Old Second Bancorp by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 1,387,891 shares of the financial services provider’s stock worth $23,990,000 after buying an additional 160,429 shares during the period. Stieven Capital Advisors L.P. grew its position in shares of Old Second Bancorp by 8.5% in the third quarter. Stieven Capital Advisors L.P. now owns 778,028 shares of the financial services provider’s stock valued at $13,448,000 after purchasing an additional 61,000 shares during the last quarter. Blair William & Co. IL increased its position in Old Second Bancorp by 757.0% during the 3rd quarter. Blair William & Co. IL now owns 154,436 shares of the financial services provider’s stock worth $2,669,000 after buying an additional 136,416 shares during the period. Finally, EJF Capital LLC increased its position in Old Second Bancorp by 21.3% during the third quarter. EJF Capital LLC now owns 173,834 shares of the financial services provider’s stock worth $3,005,000 after acquiring an additional 30,548 shares during the period. 67.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stephens began coverage on Old Second Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $23.00 target price for the company. Piper Sandler raised their price objective on Old Second Bancorp from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Old Second Bancorp Stock Performance

Shares of OSBC opened at $23.38 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.20 billion, a P/E ratio of 13.92 and a beta of 0.71. The firm’s fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $20.63. Old Second Bancorp, Inc. has a 12 month low of $16.42 and a 12 month high of $23.55.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%.The business had revenue of $93.77 million for the quarter, compared to analyst estimates of $94.80 million. As a group, analysts predict that Old Second Bancorp, Inc. will post 2.16 EPS for the current year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were paid a $0.07 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Old Second Bancorp’s payout ratio is currently 16.67%.

Old Second Bancorp Company 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.