125,831 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 125,831 shares of the financial services provider’s stock, valued at approximately $1,962,000. GSA Capital Partners LLP owned about 0.28% of Old Second Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Davis Asset Management L.P. bought a new position in Old Second Bancorp in the second quarter valued at approximately $8,623,000. Assenagon Asset Management S.A. lifted its stake in Old Second Bancorp by 180.3% in the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock valued at $6,915,000 after buying an additional 285,314 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Old Second Bancorp by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock valued at $25,188,000 after buying an additional 138,253 shares in the last quarter. American Century Companies Inc. lifted its stake in Old Second Bancorp by 19.7% in the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider’s stock valued at $11,851,000 after buying an additional 131,623 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Old Second Bancorp by 20.1% in the second quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider’s stock valued at $4,561,000 after buying an additional 51,652 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, September 17th. Finally, DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a research report on Thursday, October 17th.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $18.60 on Wednesday. The firm has a market cap of $834.21 million, a PE ratio of 10.05 and a beta of 1.06. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $18.76. The company’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $15.52. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $71.16 million for the quarter, compared to the consensus estimate of $70.95 million. Old Second Bancorp had a net margin of 25.02% and a return on equity of 14.18%. Equities research analysts expect that Old Second Bancorp, Inc. will post 1.95 EPS for the current fiscal year.

Old Second Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, October 25th. Old Second Bancorp’s payout ratio is presently 12.97%.

About Old Second Bancorp

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.