Jupiter Asset Management Ltd. Invests $295,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Jupiter Asset Management Ltd. bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 17,742 shares of the financial services provider’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hudson Edge Investment Partners Inc. lifted its position in shares of Old Second Bancorp by 40.3% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 59,834 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 17,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Old Second Bancorp by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 843 shares during the period. Bank of America Corp DE lifted its position in shares of Old Second Bancorp by 44.2% in the 4th quarter. Bank of America Corp DE now owns 236,062 shares of the financial services provider’s stock worth $4,197,000 after purchasing an additional 72,398 shares during the period. GAMMA Investing LLC lifted its position in shares of Old Second Bancorp by 4,125.0% in the 1st quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 5,280 shares during the period. Finally, CWM LLC lifted its position in shares of Old Second Bancorp by 108.3% in the 1st quarter. CWM LLC now owns 20,305 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 10,559 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OSBC. Piper Sandler reissued an “overweight” rating and set a $24.50 price target (up from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. DA Davidson lifted their price target on shares of Old Second Bancorp from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Stephens lowered their price target on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

Old Second Bancorp Stock Up 1.3%

NASDAQ:OSBC opened at $16.80 on Tuesday. The firm has a market cap of $756.94 million, a P/E ratio of 9.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $19.46. The firm has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $17.23.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.73%. The firm had revenue of $75.13 million for the quarter, compared to the consensus estimate of $63.58 million. Analysts predict 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 special dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 25th were paid a $0.06 dividend. The ex-dividend date was Friday, July 25th. This represents a dividend yield of 130.0%. Old Second Bancorp’s payout ratio is currently 13.11%.

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.