Quest Partners LLC Grows Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Quest Partners LLC boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 173.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,315 shares of the financial services provider’s stock after purchasing an additional 24,279 shares during the quarter. Quest Partners LLC’s holdings in Old Second Bancorp were worth $597,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Old Second Bancorp by 175.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,070 shares of the financial services provider’s stock worth $479,000 after buying an additional 21,680 shares during the last quarter. Vanguard Group Inc. grew its position in Old Second Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock valued at $33,548,000 after acquiring an additional 45,955 shares during the period. Ameritas Investment Partners Inc. increased its stake in 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 worth $72,000 after acquiring an additional 853 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 worth $245,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Black Maple Capital Management LP lifted its stake in shares of Old Second Bancorp by 24.7% in the 1st quarter. Black Maple Capital Management LP now owns 50,436 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Up 1.1 %

Shares of NASDAQ:OSBC opened at $18.71 on Friday. The company has a market capitalization of $839.14 million, a price-to-earnings ratio of 10.01 and a beta of 1.06. The company has a 50 day moving average of $16.60 and a two-hundred day moving average of $15.75. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $18.86. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $71.16 million during the quarter, compared to analyst estimates of $70.95 million. As a group, analysts forecast that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

Old Second Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were paid a $0.06 dividend. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. Old Second Bancorp’s payout ratio is 12.97%.

Analyst Ratings Changes

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

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.