Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 81.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,582 shares of the financial services provider’s stock after acquiring an additional 52,277 shares during the period. Barclays PLC’s holdings in Old Second Bancorp were worth $1,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Old Second Bancorp by 6.4% in 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 purchasing an additional 13,928 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Old Second Bancorp by 378.1% during 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 purchasing an additional 24,515 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Old Second Bancorp by 9.3% in the 2nd quarter. Principal Financial Group Inc. now owns 28,930 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 2,462 shares during the period. Rothschild Investment LLC acquired a new position in shares of Old Second Bancorp in the 2nd quarter worth approximately $415,000. Finally, nVerses Capital LLC acquired a new stake in shares of Old Second Bancorp during the second quarter valued at approximately $33,000. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. DA Davidson set a $18.00 price objective on Old Second Bancorp in a research report on Thursday, October 17th. Finally, Piper Sandler raised their price target 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.

Insiders Place Their Bets

In related news, Director Rocks Patti Temple purchased 5,625 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the acquisition, the director now owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Old Second Bancorp Price Performance

NASDAQ OSBC opened at $17.84 on Friday. Old Second Bancorp, Inc. has a 12-month low of $13.00 and a 12-month high of $19.37. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $17.92 and its 200-day moving average is $16.47. The company has a market capitalization of $800.18 million, a PE ratio of 9.64 and a beta of 1.08.

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, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $71.16 million during the quarter, compared to the consensus estimate of $70.95 million. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. Equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, October 25th. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s dividend payout ratio (DPR) is 12.97%.

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.