Hudson Edge Investment Partners Inc. Makes New $293,000 Investment in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hudson Edge Investment Partners Inc. acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,797 shares of the financial services provider’s stock, valued at approximately $293,000.

A number of other hedge funds have also recently modified their holdings of OSBC. Vanguard Group Inc. lifted its position in Old Second Bancorp by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock valued at $33,548,000 after acquiring an additional 45,955 shares during the period. Banc Funds Co. LLC increased its stake in shares of Old Second Bancorp by 3.7% during the fourth quarter. Banc Funds Co. LLC now owns 2,126,262 shares of the financial services provider’s stock valued at $32,829,000 after purchasing an additional 74,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Old Second Bancorp by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,175 shares of the financial services provider’s stock valued at $21,419,000 after purchasing an additional 167,355 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Old Second Bancorp by 9.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock worth $16,395,000 after purchasing an additional 91,442 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Old Second Bancorp by 50.5% in the 4th quarter. Wellington Management Group LLP now owns 387,800 shares of the financial services provider’s stock worth $5,988,000 after buying an additional 130,200 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Analysts Set New Price Targets

OSBC has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on Old Second Bancorp from $18.00 to $19.50 and gave the company an “overweight” rating in a research note on Friday, July 19th. DA Davidson lifted their price target on Old Second Bancorp from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.13.

Old Second Bancorp Stock Down 1.7 %

Shares of OSBC traded down $0.29 on Friday, hitting $16.66. 251,758 shares of the stock traded hands, compared to its average volume of 215,871. The company has a market capitalization of $747.13 million, a PE ratio of 8.46 and a beta of 1.07. Old Second Bancorp, Inc. has a one year low of $13.00 and a one year high of $17.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day simple moving average of $16.04 and a 200 day simple moving average of $14.64.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $70.82 million during the quarter, compared to the consensus estimate of $70.03 million. Old Second Bancorp had a return on equity of 14.83% and a net margin of 25.62%. As a group, equities analysts forecast that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 26th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, July 26th. Old Second Bancorp’s dividend payout ratio is currently 10.15%.

Insider Activity

In other news, Director John Ladowicz sold 30,585 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 189,192 shares of the company’s stock, valued at $3,068,694.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

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.