Darin Patrick Campbell Sells 24,000 Shares of Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 24,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $25.53, for a total transaction of $612,720.00. Following the completion of the transaction, the insider owned 250,589 shares in the company, valued at approximately $6,397,537.17. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Old Second Bancorp Stock Performance

OSBC opened at $25.72 on Friday. Old Second Bancorp, Inc. has a 12-month low of $16.65 and a 12-month high of $26.06. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.78 and a beta of 0.70. The firm has a 50 day moving average of $24.59 and a two-hundred day moving average of $22.14.

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

Old Second Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Old Second Bancorp by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after buying an additional 1,067 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Old Second Bancorp by 74.3% during 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 grew its position in shares of Old Second Bancorp by 38.7% during the 1st quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock valued at $2,794,000 after acquiring an additional 46,890 shares during the period. Jane Street Group LLC acquired a new stake in shares of Old Second Bancorp during the 1st quarter valued at about $1,378,000. Finally, Strs Ohio purchased a new position in shares of Old Second Bancorp in the 1st quarter valued at about $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson lifted their price objective on Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Old Second Bancorp in a research note on Wednesday, August 26th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price (up from $26.00) on shares of Old Second Bancorp in a report on Monday, July 27th. Raymond James Financial began coverage on Old Second Bancorp in a research report on Tuesday, July 7th. They set an “outperform” rating and a $26.00 price target for the company. Finally, Zacks Research downgraded Old Second Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

About Old Second Bancorp

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.