Darin Patrick Campbell Sells 31,159 Shares of Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 31,159 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $17.89, for a total transaction of $557,434.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Darin Patrick Campbell also recently made the following trade(s):

• On Thursday, October 30th, Darin Patrick Campbell sold 26,406 shares of Old Second Bancorp stock. The shares were sold at an average price of $18.27, for a total value of $482,437.62.

Old Second Bancorp Stock Down 0.4%

OSBC traded down $0.07 on Friday, hitting $18.13. The company had a trading volume of 58,283 shares, compared to its average volume of 254,168. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $954.54 million, a P/E ratio of 12.00 and a beta of 0.86. The stock has a fifty day simple moving average of $17.91 and a 200-day simple moving average of $17.48. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a return on equity of 13.10% and a net margin of 18.89%.The business had revenue of $95.88 million during the quarter, compared to analysts’ expectations of $80.45 million. As a group, equities analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Old Second Bancorp’s dividend payout ratio is 18.54%.

Analysts Set New Price Targets

OSBC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. DA Davidson upped their target price on Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Old Second Bancorp has a consensus rating of “Buy” and a consensus price target of $21.63.

Institutional Investors Weigh In On Old Second Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Old Second Bancorp by 458.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,215 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Old Second Bancorp in the 3rd quarter valued at approximately $30,000. Mather Group LLC. purchased a new stake in shares of Old Second Bancorp in the third quarter valued at approximately $67,000. Strs Ohio acquired a new stake in Old Second Bancorp in the first quarter valued at $88,000. Finally, Quarry LP boosted its position in shares of Old Second Bancorp by 145.5% during the 1st quarter. Quarry LP now owns 5,802 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 3,439 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

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.