Old Second Bancorp, Inc. $OSBC Stock Holdings Boosted by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. boosted its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 778,028 shares of the financial services provider’s stock after purchasing an additional 61,000 shares during the quarter. Old Second Bancorp comprises 2.5% of Stieven Capital Advisors L.P.’s holdings, making the stock its 15th biggest position. Stieven Capital Advisors L.P. owned approximately 1.48% of Old Second Bancorp worth $13,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elizabeth Park Capital Advisors Ltd. grew its position in Old Second Bancorp by 4.9% in the 3rd quarter. Elizabeth Park Capital Advisors Ltd. now owns 158,657 shares of the financial services provider’s stock worth $2,742,000 after purchasing an additional 7,358 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of 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 valued at $18,898,000 after buying an additional 96,326 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of Old Second Bancorp by 2.5% during the third quarter. Martingale Asset Management L P now owns 135,240 shares of the financial services provider’s stock valued at $2,338,000 after buying an additional 3,248 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Old Second Bancorp by 1.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 216,895 shares of the financial services provider’s stock worth $3,749,000 after buying an additional 3,659 shares during the period. Finally, Gator Capital Management LLC boosted its position in shares of Old Second Bancorp by 0.7% during the third quarter. Gator Capital Management LLC now owns 335,335 shares of the financial services provider’s stock worth $5,796,000 after buying an additional 2,385 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Darin Patrick Campbell sold 35,000 shares of Old Second Bancorp stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total transaction of $732,900.00. Following the transaction, the insider directly owned 274,589 shares in the company, valued at approximately $5,749,893.66. This trade represents a 11.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $20.98, for a total value of $41,960.00. Following the completion of the sale, the executive vice president directly owned 24,874 shares in the company, valued at $521,856.52. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,091 shares of company stock valued at $776,744 over the last 90 days. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Thursday, January 22nd. DA Davidson boosted their price target 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Old Second Bancorp Stock Down 0.4%

OSBC stock opened at $19.48 on Friday. Old Second Bancorp, Inc. has a 52 week low of $14.14 and a 52 week high of $22.00. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.95 and a beta of 0.79. The firm’s 50-day moving average is $20.20 and its two-hundred day moving average is $19.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.

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 analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $95.20 million during the quarter, compared to analyst estimates of $82.49 million. Old Second Bancorp had a net margin of 20.00% and a return on equity of 12.79%. On average, analysts forecast that Old Second Bancorp, Inc. will post 1.86 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, February 9th. Shareholders of record on Friday, January 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, January 30th. Old Second Bancorp’s dividend payout ratio is 17.18%.

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.