Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lessened its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 33.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Curi RMB Capital LLC’s holdings in Old Second Bancorp were worth $1,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in Old Second Bancorp by 19.8% in the first quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 853 shares in the last quarter. Lakewood Asset Management LLC grew its position in shares of Old Second Bancorp by 8.8% in the 3rd quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider’s stock valued at $311,000 after buying an additional 1,612 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Old Second Bancorp by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 1,807 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its position in 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 acquiring an additional 1,870 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Old Second Bancorp by 2.7% during the second quarter. Rhumbline Advisers now owns 73,155 shares of the financial services provider’s stock worth $1,083,000 after purchasing an additional 1,923 shares during the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

Shares of OSBC opened at $18.46 on Friday. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $18.86. The stock has a market capitalization of $827.93 million, a P/E ratio of 9.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average is $16.42 and its two-hundred day moving average is $15.59.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) 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 13.81%. The firm had revenue of $71.16 million during the quarter, compared to analysts’ expectations of $70.95 million. On average, sell-side analysts predict that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.05. 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 research analyst reports. Piper Sandler upped their target price on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a report on Thursday, October 17th. Finally, Raymond James downgraded shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, September 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.