Old Second Bancorp (NASDAQ:OSBC) Insider Sells $557,434.51 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock in a transaction on Friday, October 31st. The stock was sold at an average price of $17.89, for a total transaction of $557,434.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Darin Patrick Campbell also recently made the following trade(s):

• On Thursday, October 30th, Darin Patrick Campbell sold 26,406 shares of Old Second Bancorp stock. The stock was sold at an average price of $18.27, for a total value of $482,437.62.

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock traded down $0.07 on Friday, reaching $18.13. 58,283 shares of the stock were exchanged, compared to its average volume of 254,168. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $19.46. The firm has a market cap of $954.54 million, a PE ratio of 12.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average is $17.91 and its 200-day moving average is $17.48.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. Old Second Bancorp had a return on equity of 13.10% and a net margin of 18.89%.The company had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. As a group, analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 31st. Old Second Bancorp’s dividend payout ratio is 18.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Keefe, Bruyette & Woods raised their price objective on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. DA Davidson upped their target price on shares of Old Second Bancorp from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OSBC. Nuveen LLC bought a new position in Old Second Bancorp in the 1st quarter valued at approximately $5,593,000. CWM LLC lifted its position in shares of Old Second Bancorp by 108.3% during the 1st quarter. CWM LLC now owns 20,305 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 10,559 shares during the period. Vanguard Group Inc. increased its position in Old Second Bancorp by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,390 shares of the financial services provider’s stock valued at $45,118,000 after buying an additional 73,672 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Old Second Bancorp in the 1st quarter worth $1,720,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Old Second Bancorp during the first quarter worth about $668,000. 67.76% of the stock is currently owned by 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.