Old Second Bancorp (NASDAQ:OSBC) CEO James Eccher Sells 19,313 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) CEO James Eccher sold 19,313 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $25.61, for a total value of $494,605.93. Following the transaction, the chief executive officer owned 303,399 shares in the company, valued at approximately $7,770,048.39. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

James Eccher also recently made the following trade(s):

• On Tuesday, August 11th, James Eccher sold 55,687 shares of Old Second Bancorp stock. The stock was sold at an average price of $25.46, for a total transaction of $1,417,791.02.

Old Second Bancorp Stock Down 0.1%

NASDAQ:OSBC traded down $0.03 during mid-day trading on Thursday, reaching $25.77. The company’s stock had a trading volume of 48,207 shares, compared to its average volume of 395,961. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11. Old Second Bancorp, Inc. has a 1 year low of $16.65 and a 1 year high of $26.04. The stock has a fifty day moving average of $23.49 and a 200-day moving average of $21.55. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.85 and a beta of 0.70.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.85%. Equities research analysts forecast that Old Second Bancorp, Inc. will post 2.2 earnings per share for the current year.

Old Second Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

OSBC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Second Bancorp in a research report on Friday, May 29th. Raymond James Financial began coverage on Old Second Bancorp in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $26.00 price target for the company. DA Davidson raised their price objective on Old Second Bancorp from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (up from $26.00) on shares of Old Second Bancorp in a research report on Monday, July 27th. Finally, Zacks Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Old Second Bancorp has a consensus rating of “Buy” and a consensus target price of $25.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OSBC. BlackRock Inc. acquired a new stake in shares of Old Second Bancorp during the second quarter worth $100,245,000. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 3,278,388 shares of the financial services provider’s stock valued at $63,929,000 after acquiring an additional 8,395 shares during the period. Dimensional Fund Advisors LP raised its stake in Old Second Bancorp by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,388,862 shares of the financial services provider’s stock worth $48,159,000 after acquiring an additional 127,988 shares during the last quarter. FJ Capital Management LLC raised its stake in Old Second Bancorp by 4.5% in the 3rd quarter. FJ Capital Management LLC now owns 1,919,934 shares of the financial services provider’s stock worth $33,186,000 after acquiring an additional 82,601 shares during the last quarter. Finally, Davis Asset Management L.P. acquired a new stake in Old Second Bancorp during the 2nd quarter worth about $41,976,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

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.