CenterBook Partners LP Takes $792,000 Position in Old Second Bancorp, Inc. $OSBC

CenterBook Partners LP acquired a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 45,797 shares of the financial services provider’s stock, valued at approximately $792,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 1,067 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Old Second Bancorp by 74.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock worth $24,599,000 after purchasing an additional 630,265 shares during the last quarter. Empowered Funds LLC boosted its holdings in Old Second Bancorp by 38.7% in the first quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider’s stock worth $2,794,000 after purchasing an additional 46,890 shares during the last quarter. Jane Street Group LLC bought a new stake in Old Second Bancorp in the 1st quarter worth approximately $1,378,000. Finally, Strs Ohio purchased a new position in shares of Old Second Bancorp in the 1st quarter worth $88,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Insider Buying and Selling at Old Second Bancorp

In other news, insider Darin Patrick Campbell sold 35,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $20.94, for a total value of $732,900.00. Following the completion of the transaction, the insider owned 274,589 shares of the company’s stock, valued at $5,749,893.66. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Gartelmann, Jr. sold 2,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $20.98, for a total value of $41,960.00. Following the sale, the executive vice president owned 24,874 shares of the company’s stock, valued at $521,856.52. This represents a 7.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,091 shares of company stock valued at $776,744 in the last ninety days. 3.80% of the stock is currently owned by insiders.

Old Second Bancorp Stock Up 1.0%

NASDAQ OSBC opened at $20.57 on Friday. Old Second Bancorp, Inc. has a 52 week low of $14.14 and a 52 week high of $22.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.08 billion, a P/E ratio of 12.62 and a beta of 0.82. The stock’s 50-day moving average price is $20.31 and its 200-day moving average price is $18.90.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a net margin of 20.00% and a return on equity of 13.36%. The company had revenue of $95.21 million during the quarter, compared to analyst estimates of $82.49 million. On average, equities research analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Friday, January 30th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, January 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. Old Second Bancorp’s payout ratio is 17.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DA Davidson increased their target price on Old Second Bancorp from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Old Second Bancorp has an average rating of “Moderate Buy” and an average target price of $22.63.

Old Second Bancorp Company Profile

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.