Hunter Perkins Capital Management LLC Increases Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hunter Perkins Capital Management LLC lifted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 55,050 shares of the financial services provider’s stock after purchasing an additional 2,095 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Old Second Bancorp were worth $979,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Old Second Bancorp by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock worth $25,188,000 after acquiring an additional 138,253 shares during the last quarter. State Street Corp grew its holdings in shares of Old Second Bancorp by 6.5% during the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after purchasing an additional 77,143 shares during the period. JPMorgan Chase & Co. increased its position in Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after purchasing an additional 153,187 shares in the last quarter. Geode Capital Management LLC raised its holdings in Old Second Bancorp by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 22,747 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Old Second Bancorp by 180.3% during the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock valued at $6,915,000 after buying an additional 285,314 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $18.42 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $17.01. The firm has a market capitalization of $826.14 million, a P/E ratio of 9.85 and a beta of 1.08. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, January 31st. Old Second Bancorp’s payout ratio is currently 12.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on OSBC shares. Piper Sandler raised their target price on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Stephens restated an “overweight” rating and set a $21.00 price objective on shares of Old Second Bancorp in a research note on Thursday. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, DA Davidson set a $18.00 price target on Old Second Bancorp in a research report on Thursday, October 17th.

Insider Buying and Selling

In other news, Director Rocks Patti Temple acquired 5,625 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the purchase, the director now directly owns 18,679 shares of the company’s stock, valued at $332,299.41. This represents a 43.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

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.