Old Second Bancorp, Inc. (NASDAQ:OSBC) Short Interest Update

Old Second Bancorp, Inc. (NASDAQ:OSBC) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 972,940 shares, a drop of 15.7% from the November 30th total of 1,154,177 shares. Based on an average daily trading volume, of 295,401 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.9% of the shares of the company are short sold. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 295,401 shares, the days-to-cover ratio is currently 3.3 days.

Insider Transactions at Old Second Bancorp

In related news, insider Darin Patrick Campbell sold 31,159 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $17.89, for a total value of $557,434.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,215 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Old Second Bancorp during the third quarter worth $30,000. Mather Group LLC. acquired a new stake in Old Second Bancorp in the third quarter valued at $67,000. Strs Ohio purchased a new position in shares of Old Second Bancorp in the first quarter valued at $88,000. Finally, Quarry LP increased its position in shares of Old Second Bancorp by 145.5% in the first quarter. Quarry LP now owns 5,802 shares of the financial services provider’s stock valued at $97,000 after buying an additional 3,439 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Down 1.3%

Old Second Bancorp stock opened at $19.53 on Wednesday. The stock’s 50 day moving average price is $19.10 and its 200 day moving average price is $18.27. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $20.96. The company has a market cap of $1.03 billion, a PE ratio of 12.93 and a beta of 0.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $95.88 million during the quarter, compared to analysts’ expectations of $80.45 million. Old Second Bancorp had a return on equity of 12.34% and a net margin of 18.89%. On average, sell-side analysts predict that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 31st were paid a $0.07 dividend. The ex-dividend date was Friday, October 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Old Second Bancorp’s dividend payout ratio (DPR) is 18.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OSBC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Old Second Bancorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Old Second Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $21.63.

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.