Aptus Capital Advisors LLC Acquires 49,350 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Aptus Capital Advisors LLC increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 24.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 248,083 shares of the financial services provider’s stock after purchasing an additional 49,350 shares during the period. Aptus Capital Advisors LLC’s holdings in Old Second Bancorp were worth $3,674,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OSBC. New York State Common Retirement Fund raised its position in shares of Old Second Bancorp by 11.6% in the 4th quarter. New York State Common Retirement Fund now owns 16,574 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,720 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Old Second Bancorp by 53.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 103,785 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 36,210 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Old Second Bancorp by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 379,626 shares of the financial services provider’s stock valued at $5,861,000 after buying an additional 10,827 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Old Second Bancorp by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock valued at $21,419,000 after buying an additional 167,355 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in shares of Old Second Bancorp by 6.9% in the 4th quarter. Great Lakes Advisors LLC now owns 184,195 shares of the financial services provider’s stock worth $2,844,000 after buying an additional 11,853 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Old Second Bancorp

In other Old Second Bancorp news, Director John Ladowicz sold 30,585 shares of Old Second Bancorp stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following the completion of the sale, the director now directly owns 189,192 shares in the company, valued at approximately $3,068,694.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded up $0.05 during mid-day trading on Friday, reaching $17.03. 195,794 shares of the company traded hands, compared to its average volume of 282,408. The firm’s fifty day moving average is $15.78 and its two-hundred day moving average is $14.53. The company has a market capitalization of $763.80 million, a price-to-earnings ratio of 8.64 and a beta of 1.09. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $17.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. The firm had revenue of $70.82 million during the quarter, compared to analyst estimates of $70.03 million. On average, equities research analysts expect that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 26th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, July 26th. Old Second Bancorp’s dividend payout ratio (DPR) is 10.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OSBC shares. DA Davidson raised their target price on shares of Old Second Bancorp from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Piper Sandler raised their price objective on Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.13.

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.