Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 25.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 62,398 shares of the financial services provider’s stock after purchasing an additional 12,785 shares during the quarter. Jane Street Group LLC’s holdings in Old Second Bancorp were worth $973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of OSBC. Davis Asset Management L.P. acquired a new position in shares of Old Second Bancorp in the 2nd quarter worth approximately $8,623,000. Assenagon Asset Management S.A. lifted its stake in Old Second Bancorp by 180.3% during the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock worth $6,915,000 after purchasing an additional 285,314 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Old Second Bancorp by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock worth $25,188,000 after purchasing an additional 138,253 shares during the period. American Century Companies Inc. increased its stake in Old Second Bancorp by 19.7% during the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider’s stock valued at $11,851,000 after purchasing an additional 131,623 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Old Second Bancorp during the third quarter worth $1,962,000. Institutional investors own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a research report on Thursday, October 17th. Piper Sandler increased 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. Finally, Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th.

Insider Activity

In related news, Director Rocks Patti Temple bought 5,625 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now directly owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This represents a 43.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Old Second Bancorp Stock Performance

Old Second Bancorp stock opened at $17.78 on Wednesday. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week 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 has a market capitalization of $797.49 million, a price-to-earnings ratio of 9.61 and a beta of 1.08. The firm has a 50-day moving average price of $17.97 and a two-hundred day moving average price of $16.56.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. The business had revenue of $71.16 million during the quarter, compared to the consensus estimate of $70.95 million. Sell-side analysts expect that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders 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 was Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.35%. Old Second Bancorp’s dividend payout ratio is presently 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.