62,465 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 62,465 shares of the financial services provider’s stock, valued at approximately $974,000. Y Intercept Hong Kong Ltd owned 0.14% of Old Second Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in OSBC. Price T Rowe Associates Inc. MD grew its stake in Old Second Bancorp by 11.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,807 shares in the last quarter. SG Americas Securities LLC purchased a new position in Old Second Bancorp during the second quarter worth $260,000. Bank of New York Mellon Corp increased its position in Old Second Bancorp by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 230,080 shares of the financial services provider’s stock valued at $3,407,000 after acquiring an additional 13,928 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Old Second Bancorp by 378.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 30,998 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 24,515 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Old Second Bancorp in the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Down 1.1 %

Shares of NASDAQ OSBC opened at $18.51 on Friday. The stock has a 50 day moving average price of $17.43 and a 200 day moving average price of $16.18. The firm has a market capitalization of $830.23 million, a price-to-earnings ratio of 10.01 and a beta of 1.08. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $19.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. The company had revenue of $71.16 million for the quarter, compared to analysts’ expectations of $70.95 million. Sell-side analysts expect that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 12.97%.

Analyst Ratings Changes

Several brokerages have issued reports on OSBC. DA Davidson set a $18.00 target price on Old Second Bancorp in a research report on Thursday, October 17th. Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $19.00 to $18.00 in a research report on Tuesday, September 17th. Finally, Piper Sandler lifted their target price on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

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.