2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado cut its stake in shares of Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ) by 6.5% in the second quarter, according to its most recent disclosure with the SEC.
The firm owned 18,638 shares of the financial services provider’s stock after selling 1,305 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Old Second Bancorp were worth $276,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
nVerses Capital LLC acquired a new position in shares of Old Second Bancorp during the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new position in shares of Old Second Bancorp during the second quarter valued at approximately $49,000. Ameritas Investment Partners Inc.
raised its holdings in shares of Old Second Bancorp by 19.8% during the first quarter. Ameritas Investment Partners Inc.
now owns 5,167 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 853 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Old Second Bancorp in the first quarter valued at approximately $90,000. Finally, PL Capital Advisors LLC acquired a new stake in shares of Old Second Bancorp in the first quarter worth approximately $111,000.
67.76% of the stock is owned by hedge funds and other institutional investors. Insider Activity In related news, Director John Ladowicz sold 30,585 shares of the stock in a transaction that occurred on Monday, July 22nd.
The stock was sold at an average price of $16.22, for a total value of $496,088.70.
Following the completion of the transaction, the director now directly owns 189,192 shares in the company, valued at $3,068,694.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
Corporate insiders own 3.80% of the company’s stock. Old Second Bancorp Stock Up 0.
3 % Old Second Bancorp ( NASDAQ:OSBC – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
48 by ($0.02). Old Second Bancorp had a net margin of 25.
62% and a return on equity of 14.83%. The firm had revenue of $70.
82 million during the quarter, compared to analysts’ expectations of $70.03 million. On average, research analysts expect that Old Second Bancorp, Inc.
will post 1.91 earnings per share for the current year. Old Second Bancorp Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, August 5th.
Stockholders of record on Friday, July 26th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 26th.
This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%.
Old Second Bancorp’s dividend payout ratio is currently 10.15%. Wall Street Analysts Forecast Growth A number of brokerages have weighed in on OSBC.
Piper Sandler raised their price objective on Old Second Bancorp from $18.00 to $19.50 and gave the company an “overweight” rating in a report on Friday, July 19th.
DA Davidson downgraded shares of Old Second Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Wednesday.
Finally, Raymond James cut shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, September 17th.
Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Old Second Bancorp presently has an average rating of “Moderate Buy” and an average price target of $17.88.
Read Our Latest Analysis on Old Second Bancorp Old 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.
Read More Want to see what other hedge funds are holding OSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ).
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