John Ladowicz Sells 30,585 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Director John Ladowicz sold 30,585 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following the completion of the sale, the director now owns 189,192 shares of the company’s stock, valued at $3,068,694.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Old Second Bancorp Price Performance

Old Second Bancorp stock opened at $17.08 on Friday. The company’s 50 day simple moving average is $14.76 and its 200-day simple moving average is $14.22. The company has a market capitalization of $766.04 million, a price-to-earnings ratio of 8.67 and a beta of 1.09. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $17.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 26th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, July 26th. Old Second Bancorp’s dividend payout ratio (DPR) is 10.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OSBC shares. Stephens reaffirmed an “overweight” rating and set a $17.00 target price on shares of Old Second Bancorp in a research note on Friday, April 19th. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 4th. DA Davidson lifted their target price on shares of Old Second Bancorp from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Piper Sandler lifted their target price on shares of Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $18.13.

Institutional Investors Weigh In On Old Second Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its stake in shares of Old Second Bancorp by 19.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 853 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Old Second Bancorp by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 16,574 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 1,720 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Old Second Bancorp by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,807 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings in shares of Old Second Bancorp by 0.9% in the fourth quarter. OLD Second National Bank of Aurora now owns 300,025 shares of the financial services provider’s stock valued at $4,632,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $46,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

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.