Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Acquired by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC increased its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,955 shares of the financial services provider’s stock after acquiring an additional 1,870 shares during the quarter. Hunter Perkins Capital Management LLC owned about 0.12% of Old Second Bancorp worth $826,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OSBC. Ameritas Investment Partners Inc. grew its position in shares of Old Second Bancorp by 19.8% during the first quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 853 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Old Second Bancorp by 8.8% in the third quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 1,612 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Old Second Bancorp by 11.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 1,807 shares during the period. Rhumbline Advisers raised its holdings in Old Second Bancorp by 2.7% during the second quarter. Rhumbline Advisers now owns 73,155 shares of the financial services provider’s stock worth $1,083,000 after purchasing an additional 1,923 shares in the last quarter. Finally, CWM LLC lifted its position in Old Second Bancorp by 36.3% in the third quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,123 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Analyst Ratings Changes

OSBC has been the subject of several research reports. Piper Sandler lifted their price target on Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $19.00 to $18.00 in a research report on Tuesday, September 17th. Finally, DA Davidson downgraded Old Second Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $17.00 in a research report on Wednesday, September 25th.

Old Second Bancorp Stock Up 1.6 %

Old Second Bancorp stock traded up $0.25 during trading on Wednesday, reaching $16.05. 88,873 shares of the company’s stock were exchanged, compared to its average volume of 222,684. The company’s 50-day moving average is $15.99 and its two-hundred day moving average is $15.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $17.46. The firm has a market cap of $719.78 million, a price-to-earnings ratio of 8.16 and a beta of 1.06.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $70.82 million during the quarter, compared to analysts’ expectations of $70.03 million. Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. On average, analysts predict that Old Second Bancorp, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Ladowicz sold 30,585 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $16.22, for a total value of $496,088.70. Following the transaction, the director now directly owns 189,192 shares in the company, valued at approximately $3,068,694.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

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.