UBS Group AG Purchases 132,290 Shares of Old Second Bancorp, Inc. $OSBC

UBS Group AG lifted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 295.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 177,102 shares of the financial services provider’s stock after acquiring an additional 132,290 shares during the quarter. UBS Group AG’s holdings in Old Second Bancorp were worth $3,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Old Second Bancorp by 12.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 540 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Old Second Bancorp by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 1,067 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 valued at $26,000 after purchasing an additional 1,215 shares in the last quarter. Lakewood Asset Management LLC boosted its position in Old Second Bancorp by 7.1% during the fourth quarter. Lakewood Asset Management LLC now owns 21,360 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Old Second Bancorp by 2.7% during the third quarter. Sei Investments Co. now owns 55,126 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 1,470 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

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Old Second Bancorp Price Performance

Shares of NASDAQ OSBC opened at $21.08 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $1.08 billion, a PE ratio of 12.55 and a beta of 0.71. The business has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $20.07. Old Second Bancorp, Inc. has a fifty-two week low of $16.21 and a fifty-two week high of $22.43.

Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.03). The business had revenue of $93.77 million during the quarter, compared to analyst estimates of $94.80 million. Old Second Bancorp had a return on equity of 12.67% and a net margin of 20.07%. As a group, equities analysts expect that Old Second Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 1st. Old Second Bancorp’s dividend payout ratio (DPR) is currently 16.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSBC. Stephens began coverage on Old Second Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $23.00 price objective on the stock. Piper Sandler dropped their price objective on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Old Second Bancorp presently has an average rating of “Moderate Buy” and an average price target of $23.50.

View Our Latest Stock Report on Old Second Bancorp

Old Second Bancorp Profile

(Free Report)

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.

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