Old Second Bancorp, Inc. (OSBC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,030,906 shares of the financial services provider’s stock after selling 3,381 shares during the quarter. Dimensional Fund Advisors LP owned about 3.48% of Old Second Bancorp worth $11,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OSBC. Bank of New York Mellon Corp boosted its holdings in shares of Old Second Bancorp by 8.6% in the 1st quarter. Bank of New York Mellon Corp now owns 176,286 shares of the financial services provider’s stock valued at $1,984,000 after purchasing an additional 14,020 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Old Second Bancorp by 6.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 36,958 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 2,280 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Old Second Bancorp by 7.4% during the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 1,100 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Old Second Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,175 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Old Second Bancorp by 16.0% during the 1st quarter. California Public Employees Retirement System now owns 72,500 shares of the financial services provider’s stock valued at $816,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Shares of Old Second Bancorp, Inc. (OSBC) opened at $12.55 on Wednesday. The firm has a market cap of $370.34, a PE ratio of 20.16, a PEG ratio of 2.20 and a beta of 1.34. Old Second Bancorp, Inc. has a 1 year low of $8.55 and a 1 year high of $14.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. equities research analysts forecast that Old Second Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Friday, October 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, October 26th. Old Second Bancorp’s payout ratio is currently 6.45%.

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Several equities analysts recently weighed in on OSBC shares. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Saturday, September 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a report on Thursday, July 27th. DA Davidson assumed coverage on shares of Old Second Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.50.

In other news, CEO William B. Skoglund sold 3,850 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $12.13, for a total value of $46,700.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Ladowicz sold 10,096 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $14.40, for a total transaction of $145,382.40. The disclosure for this sale can be found here. Insiders sold a total of 49,346 shares of company stock valued at $623,302 in the last three months. Insiders own 3.60% of the company’s stock.

Old Second Bancorp Profile

Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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