GSA Capital Partners LLP Acquires Shares of 125,831 Old Second Bancorp, Inc. (NASDAQ:OSBC)

GSA Capital Partners LLP acquired a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 125,831 shares of the financial services provider’s stock, valued at approximately $1,962,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of Old Second Bancorp by 11.5% in the third quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 3,313 shares during the last quarter. Semanteon Capital Management LP increased its holdings in shares of Old Second Bancorp by 67.1% in the third quarter. Semanteon Capital Management LP now owns 36,880 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 14,805 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Old Second Bancorp by 180.3% in 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 purchasing an additional 285,314 shares during the last quarter. Hunter Perkins Capital Management LLC increased its holdings in shares of Old Second Bancorp by 3.7% in the third quarter. Hunter Perkins Capital Management LLC now owns 52,955 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 1,870 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Old Second Bancorp by 36.3% in the third quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,123 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Up 0.2 %

Shares of Old Second Bancorp stock opened at $18.60 on Wednesday. The firm has a 50-day moving average of $16.32 and a 200-day moving average of $15.52. The stock has a market cap of $834.21 million, a PE ratio of 10.05 and a beta of 1.06. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $18.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a net margin of 25.02% and a return on equity of 14.18%. The business had revenue of $71.16 million during the quarter, compared to analysts’ expectations of $70.95 million. As a group, sell-side analysts forecast that Old Second Bancorp, Inc. will post 1.95 EPS for the current year.

Old Second Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.06 per share. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 annualized dividend and a yield of 1.29%. Old Second Bancorp’s dividend payout ratio is currently 12.97%.

Analysts Set New Price Targets

OSBC has been the subject of a number of recent research reports. Piper Sandler boosted 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 report on Friday, October 18th. Raymond James cut shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $19.00 to $18.00 in a research report on Tuesday, September 17th. Finally, DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a research report on Thursday, October 17th.

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.