Cwm LLC Buys 2,123 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Cwm LLC increased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 36.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,966 shares of the financial services provider’s stock after acquiring an additional 2,123 shares during the quarter. Cwm LLC’s holdings in Old Second Bancorp were worth $124,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OSBC. Lakewood Asset Management LLC raised its position in shares of Old Second Bancorp by 8.8% in the 3rd quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider’s stock valued at $311,000 after buying an additional 1,612 shares in the last quarter. SG Americas Securities LLC increased its stake in Old Second Bancorp by 52.3% in the third quarter. SG Americas Securities LLC now owns 26,690 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 9,168 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in Old Second Bancorp during the second quarter valued at approximately $696,000. Creative Planning lifted its stake in Old Second Bancorp by 28.9% during the second quarter. Creative Planning now owns 29,597 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 6,639 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Old Second Bancorp in the 2nd quarter valued at $759,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.8 %

NASDAQ OSBC opened at $16.35 on Friday. The company has a market cap of $733.23 million, a price-to-earnings ratio of 8.30 and a beta of 1.06. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $17.46. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average is $16.17 and its 200 day moving average is $15.24.

Old Second Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, October 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 12.18%.

Wall Street Analysts Forecast Growth

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

Old Second Bancorp Profile

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.