31,654 Shares in Old Second Bancorp, Inc. $OSBC Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 31,654 shares of the financial services provider’s stock, valued at approximately $547,000. MQS Management LLC owned about 0.06% of Old Second Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 worth $26,000 after purchasing an additional 1,215 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Old Second Bancorp during the 3rd quarter valued at $30,000. Mather Group LLC. bought a new stake in Old Second Bancorp in the 3rd quarter worth $67,000. Strs Ohio bought a new stake in Old Second Bancorp in the 1st quarter worth $88,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Old Second Bancorp by 446.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 5,153 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Insider Activity

In related news, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of Old Second Bancorp stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $20.98, for a total transaction of $41,960.00. Following the completion of the transaction, the executive vice president directly owned 24,874 shares of the company’s stock, valued at $521,856.52. This trade represents a 7.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OSBC. Keefe, Bruyette & Woods increased their target price on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Thursday, January 22nd. DA Davidson lifted their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.63.

Old Second Bancorp Stock Down 2.2%

Shares of NASDAQ:OSBC opened at $20.64 on Wednesday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 12.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day moving average price of $20.22 and a 200-day moving average price of $18.72. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week high of $22.00.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $95.21 million for the quarter, compared to analysts’ expectations of $82.49 million. Old Second Bancorp had a return on equity of 13.36% and a net margin of 20.00%. As a group, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, January 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Old Second Bancorp’s dividend payout ratio is currently 17.18%.

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.