Insider Selling: Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Sells 21,002 Shares of Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Vice Chairman Gary S. Collins sold 21,002 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total transaction of $298,858.46. Following the transaction, the insider now directly owns 46,624 shares in the company, valued at approximately $663,459.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Old Second Bancorp Trading Up 0.8 %

OSBC traded up $0.11 on Thursday, hitting $14.36. The company had a trading volume of 186,720 shares, compared to its average volume of 179,395. The company’s fifty day moving average price is $13.70 and its 200 day moving average price is $14.23. Old Second Bancorp, Inc. has a 1 year low of $11.11 and a 1 year high of $16.76. 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 firm has a market cap of $643.99 million, a P/E ratio of 7.25 and a beta of 1.08.

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

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 26th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is 10.15%.

Institutional Investors Weigh In On Old Second Bancorp

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Old Second Bancorp by 122.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,799 shares of the financial services provider’s stock worth $5,019,000 after acquiring an additional 202,981 shares in the last quarter. Mendon Capital Advisors Corp purchased a new stake in Old Second Bancorp during the fourth quarter worth about $3,088,000. Dimensional Fund Advisors LP lifted its position in shares of Old Second Bancorp by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock worth $21,419,000 after purchasing an additional 167,355 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Old Second Bancorp by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 325,719 shares of the financial services provider’s stock valued at $5,029,000 after purchasing an additional 158,300 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Old Second Bancorp by 50.5% in the fourth quarter. Wellington Management Group LLP now owns 387,800 shares of the financial services provider’s stock valued at $5,988,000 after purchasing an additional 130,200 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSBC has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and set 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 price target on the stock in a research report on Thursday, April 4th.

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.