Zurcher Kantonalbank Zurich Cantonalbank Sells 3,407 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 22.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,740 shares of the financial services provider’s stock after selling 3,407 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Old Second Bancorp were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OSBC. Inspire Investing LLC bought a new stake in Old Second Bancorp during the 3rd quarter worth about $638,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Old Second Bancorp by 86.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,464 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Old Second Bancorp in the 3rd quarter valued at about $372,000. Quantbot Technologies LP bought a new position in shares of Old Second Bancorp in the 3rd quarter valued at about $34,000. Finally, Great Lakes Advisors LLC boosted its stake in shares of Old Second Bancorp by 148.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 172,342 shares of the financial services provider’s stock valued at $2,346,000 after purchasing an additional 103,002 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSBC. Stephens reaffirmed an “overweight” rating and issued a $17.00 target price on shares of Old Second Bancorp in a research note on Friday, April 19th. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 4th.

Insider Buying and Selling

In other Old Second Bancorp news, Vice Chairman Gary S. Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total transaction of $43,440.00. Following the sale, the insider now directly owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Old Second Bancorp Stock Down 0.4 %

Old Second Bancorp stock opened at $14.20 on Wednesday. The company’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $14.23. Old Second Bancorp, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $16.76. The firm has a market capitalization of $636.81 million, a price-to-earnings ratio of 7.21 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data 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 return on equity of 16.78% and a net margin of 26.90%. The firm had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. As a group, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.91 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 26th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.41%. The ex-dividend date was Thursday, April 25th. Old Second Bancorp’s payout ratio is 10.15%.

Old Second Bancorp Company 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.