Darin Patrick Campbell Sells 26,406 Shares of Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) insider Darin Patrick Campbell sold 26,406 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $18.27, for a total value of $482,437.62. Following the transaction, the insider owned 31,159 shares in the company, valued at $569,274.93. This trade represents a 45.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 31st, Darin Patrick Campbell sold 31,159 shares of Old Second Bancorp stock. The shares were sold at an average price of $17.89, for a total transaction of $557,434.51.

Old Second Bancorp Stock Up 0.7%

Shares of NASDAQ OSBC opened at $18.32 on Friday. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week high of $19.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average is $17.90 and its 200-day simple moving average is $17.52. The firm has a market cap of $964.55 million, a price-to-earnings ratio of 12.13 and a beta of 0.86.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $80.45 million. Equities analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Old Second Bancorp by 458.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,215 shares during the period. State of Alaska Department of Revenue purchased a new position in Old Second Bancorp during the 3rd quarter valued at about $30,000. Mather Group LLC. purchased a new stake in Old Second Bancorp during the third quarter worth about $67,000. Strs Ohio acquired a new stake in shares of Old Second Bancorp during the first quarter worth about $88,000. Finally, Quarry LP boosted its stake in shares of Old Second Bancorp by 145.5% in the first quarter. Quarry LP now owns 5,802 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 3,439 shares during the period. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSBC has been the topic of several research reports. DA Davidson raised their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a research report on Wednesday, October 8th. Wall Street Zen raised Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Keefe, Bruyette & Woods upped their target price on Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.63.

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.