R Squared Ltd Makes New Investment in Old Second Bancorp, Inc. (NASDAQ:OSBC)

R Squared Ltd bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 4th quarter, HoldingsChannel reports. The fund bought 5,420 shares of the financial services provider’s stock, valued at approximately $96,000.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP raised its position in Old Second Bancorp by 134.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 3,587 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Old Second Bancorp in the third quarter worth approximately $101,000. CWM LLC lifted its stake in shares of Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,123 shares during the last quarter. Intech Investment Management LLC purchased a new position in Old Second Bancorp during the 3rd quarter valued at $158,000. Finally, Paloma Partners Management Co bought a new position in Old Second Bancorp in the 3rd quarter valued at $204,000. Institutional investors own 67.76% of the company’s stock.

Insider Transactions at Old Second Bancorp

In related news, Director Rocks Patti Temple bought 5,625 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought 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 approximately $332,299.41. This trade represents a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OSBC. Stephens reiterated an “overweight” rating and set a $21.00 target price on shares of Old Second Bancorp in a research report on Thursday, January 23rd. Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a research report on Thursday, October 17th. Finally, Piper Sandler boosted their price target on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Friday, October 18th.

Old Second Bancorp Stock Up 0.8 %

Shares of Old Second Bancorp stock opened at $18.83 on Friday. 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 stock has a market cap of $844.53 million, a price-to-earnings ratio of 10.07 and a beta of 1.08. The firm’s 50-day moving average is $18.22 and its two-hundred day moving average is $17.07. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, research analysts expect 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 issued a $0.06 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. Old Second Bancorp’s dividend payout ratio is presently 12.83%.

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.