Hunter Perkins Capital Management LLC Raises Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hunter Perkins Capital Management LLC grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,050 shares of the financial services provider’s stock after buying an additional 2,095 shares during the quarter. Hunter Perkins Capital Management LLC owned about 0.12% of Old Second Bancorp worth $979,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Old Second Bancorp by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock valued at $25,188,000 after acquiring an additional 138,253 shares during the period. AQR Capital Management LLC increased its holdings in shares of Old Second Bancorp by 20.1% in the 2nd quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider’s stock valued at $4,561,000 after purchasing an additional 51,652 shares in the last quarter. Creative Planning lifted its stake in shares of Old Second Bancorp by 28.9% in the second quarter. Creative Planning now owns 29,597 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 6,639 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in Old Second Bancorp during the second quarter worth about $696,000. Finally, SG Americas Securities LLC grew its position in Old Second Bancorp by 52.3% during the third quarter. SG Americas Securities LLC now owns 26,690 shares of the financial services provider’s stock worth $416,000 after buying an additional 9,168 shares during the period. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Performance

Old Second Bancorp stock opened at $18.42 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $19.37. The stock has a fifty day moving average of $18.19 and a two-hundred day moving average of $17.01. The company has a market capitalization of $826.14 million, a price-to-earnings ratio of 9.85 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Insider Buying and Selling

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the acquisition, the director now directly owns 18,679 shares of the company’s stock, valued at $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OSBC. Piper Sandler boosted their price target on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Raymond James upgraded 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 price target on Old Second Bancorp in a research report on Thursday, October 17th. Finally, Stephens reiterated an “overweight” rating and issued a $21.00 price objective on shares of Old Second Bancorp in a research report on Thursday.

Old Second Bancorp 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.