Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins Sells 3,000 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 3,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total transaction of $43,440.00. Following the transaction, the insider now directly owns 89,893 shares in the company, valued at $1,301,650.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $14.50 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $13.58 and a 200 day simple moving average of $14.20. The firm has a market cap of $650.33 million, a PE ratio of 7.36 and a beta of 1.10. Old Second Bancorp, Inc. has a 12-month low of $10.79 and a 12-month high of $16.76.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. The business had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. On average, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.91 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.20 annualized dividend and a yield of 1.38%. Old Second Bancorp’s payout ratio is 10.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research note on Thursday, April 4th. Stephens restated an “overweight” rating and issued a $17.00 price target on shares of Old Second Bancorp in a research note on Friday, April 19th.

Institutional Trading of Old Second Bancorp

Several institutional investors have recently added to or reduced their stakes in OSBC. Quantbot Technologies LP bought a new position in shares of Old Second Bancorp during the third quarter worth about $34,000. Allspring Global Investments Holdings LLC grew its position in shares of Old Second Bancorp by 86.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,464 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in shares of Old Second Bancorp during the fourth quarter worth about $46,000. SG Americas Securities LLC bought a new position in shares of Old Second Bancorp during the fourth quarter worth about $149,000. Finally, Quadrature Capital Ltd bought a new position in shares of Old Second Bancorp during the fourth quarter worth about $172,000. Institutional investors own 67.76% of the company’s stock.

About Old Second Bancorp

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.