Old Second Bancorp, Inc. $OSBC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 61.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,051 shares of the financial services provider’s stock after selling 27,224 shares during the quarter. SG Americas Securities LLC’s holdings in Old Second Bancorp were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in 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 valued at $24,599,000 after purchasing an additional 630,265 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Old Second Bancorp in the first quarter valued at $5,593,000. AQR Capital Management LLC boosted its stake in Old Second Bancorp by 33.6% during the first quarter. AQR Capital Management LLC now owns 540,946 shares of the financial services provider’s stock valued at $9,001,000 after buying an additional 135,971 shares in the last quarter. Martingale Asset Management L P acquired a new position in Old Second Bancorp during the first quarter worth about $1,720,000. Finally, Bridgeway Capital Management LLC raised its position in Old Second Bancorp by 27.5% in the first quarter. Bridgeway Capital Management LLC now owns 474,310 shares of the financial services provider’s stock worth $7,893,000 after acquiring an additional 102,190 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

Insider Transactions at Old Second Bancorp

In related news, insider Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock in a transaction on Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Price Performance

NASDAQ OSBC opened at $18.85 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $992.55 million, a price-to-earnings ratio of 12.48 and a beta of 0.86. The company has a 50 day simple moving average of $17.94 and a 200-day simple moving average of $17.75. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. The firm had revenue of $95.88 million for the quarter, compared to the consensus estimate of $80.45 million. Equities research analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 31st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, October 31st. Old Second Bancorp’s dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSBC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Keefe, Bruyette & Woods upped their price target on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Old Second Bancorp currently has an average rating of “Buy” and an average target price of $21.63.

Old Second Bancorp Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.