Corebridge Financial Inc. Has $385,000 Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Corebridge Financial Inc. decreased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 7.

0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 21,663 shares of the financial services provider’s stock after selling 1,636 shares during the period. Corebridge Financial Inc.



’s holdings in Old Second Bancorp were worth $385,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in OSBC. JPMorgan Chase & Co.

lifted its stake in Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co.

now owns 1,101,634 shares of the financial services provider’s stock valued at $17,174,000 after buying an additional 153,187 shares during the period. State Street Corp boosted its stake in Old Second Bancorp by 6.5% during the 3rd quarter.

State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after acquiring an additional 77,143 shares during the last quarter. Jane Street Group LLC grew its holdings in Old Second Bancorp by 25.8% during the third quarter.

Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock valued at $973,000 after purchasing an additional 12,785 shares during the period. Barclays PLC grew its holdings in Old Second Bancorp by 81.3% during the third quarter.

Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 52,277 shares during the period. Finally, Geode Capital Management LLC increased its stake in Old Second Bancorp by 2.3% in the third quarter.

Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after purchasing an additional 22,747 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Price PerformanceShares of NASDAQ OSBC opened at $15.42 on Thursday. The company has a fifty day moving average price of $17.

36 and a 200 day moving average price of $17.45. Old Second Bancorp, Inc.

has a 1-year low of $13.20 and a 1-year high of $19.46.

The firm has a market cap of $694.62 million, a PE ratio of 8.25 and a beta of 0.

84. The company has a current ratio of 0.84, a quick ratio of 0.

84 and a debt-to-equity ratio of 0.13. Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd.

The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.

04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.

95%. Research analysts predict that Old Second Bancorp, Inc. will post 1.

86 earnings per share for the current fiscal year. Old Second Bancorp Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were given a $0.

06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.

56%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s dividend payout ratio is presently 12.

83%. Wall Street Analysts Forecast GrowthSeveral brokerages have recently issued reports on OSBC. Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th.

Keefe, Bruyette & Woods boosted their target price on Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th.

Finally, Stephens raised their price target on Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th.

One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.90.

Check Out Our Latest Report on Old Second BancorpOld Second Bancorp Company Profile (Free Report)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.

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