Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Sells $43,440.00 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Old Second Bancorp Stock Performance

OSBC stock remained flat at $14.50 during mid-day trading on Wednesday. 177,107 shares of the company’s stock traded hands, compared to its average volume of 178,453. The firm has a market cap of $650.33 million, a P/E ratio of 7.35 and a beta of 1.10. 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, Inc. has a 52 week low of $10.79 and a 52 week high of $16.76. The stock’s fifty day moving average is $13.56 and its two-hundred day moving average is $14.20.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 EPS 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 during the quarter, compared to analyst estimates of $69.50 million. As a group, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current year.

Old Second Bancorp Announces Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Old Second Bancorp during the 3rd quarter valued at about $34,000. Allspring Global Investments Holdings LLC boosted its stake in Old Second Bancorp by 86.7% during 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 period. Criterion Capital Advisors LLC acquired a new position in Old Second Bancorp during the 4th quarter valued at about $46,000. SG Americas Securities LLC acquired a new position in Old Second Bancorp during the 4th quarter valued at about $149,000. Finally, Quadrature Capital Ltd acquired a new position in Old Second Bancorp during the 4th quarter valued at about $172,000. 67.76% of the stock is owned by institutional investors and hedge funds.

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.