UBS Group AG Grows Stock Position in Old Second Bancorp, Inc. $OSBC

UBS Group AG grew its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 295.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,102 shares of the financial services provider’s stock after purchasing an additional 132,290 shares during the quarter. UBS Group AG owned approximately 0.34% of Old Second Bancorp worth $3,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OSBC. EverSource Wealth Advisors LLC grew its stake in shares of Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,215 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Old Second Bancorp during the 3rd quarter valued at approximately $30,000. Nisa Investment Advisors LLC grew its stake in shares of Old Second Bancorp by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 540 shares during the period. Strs Ohio bought a new position in shares of Old Second Bancorp during the 1st quarter valued at approximately $88,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Old Second Bancorp by 446.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,306 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 5,153 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Price Performance

Shares of OSBC opened at $21.08 on Monday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.55 and a beta of 0.71. Old Second Bancorp, Inc. has a 1 year low of $16.21 and a 1 year high of $22.43. The business’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $20.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.90 and a quick ratio of 0.90.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.03). Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. The company had revenue of $93.77 million for the quarter, compared to analysts’ expectations of $94.80 million. As a group, equities analysts expect that Old Second Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Old Second Bancorp’s dividend payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OSBC. Piper Sandler cut their price objective on Old Second Bancorp from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Stephens began coverage on Old Second Bancorp in a research note on Friday, March 27th. They set an “overweight” rating and a $23.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.