Stieven Capital Advisors L.P. Has $6.01 Million Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Stieven Capital Advisors L.P. trimmed its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 26.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 385,408 shares of the financial services provider’s stock after selling 141,077 shares during the period. Stieven Capital Advisors L.P.’s holdings in Old Second Bancorp were worth $6,009,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Old Second Bancorp in the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new position in Old Second Bancorp in the 2nd quarter worth about $49,000. Ameritas Investment Partners Inc. increased its position in Old Second Bancorp by 19.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 853 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Old Second Bancorp in the 1st quarter worth about $90,000. Finally, CWM LLC increased its position in Old Second Bancorp by 36.3% in the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,123 shares during the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $18.46 on Friday. The business has a 50 day moving average price of $16.45 and a 200 day moving average price of $15.64. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $18.86. The company has a market cap of $827.93 million, a price-to-earnings ratio of 9.98 and a beta of 1.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. The firm had revenue of $71.16 million during the quarter, compared to the consensus estimate of $70.95 million. Research analysts predict that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.06 dividend. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, October 25th. This represents a $0.24 annualized dividend and a yield of 1.30%. Old Second Bancorp’s dividend payout ratio is 12.97%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James lowered Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $19.00 to $18.00 in a research report on Tuesday, September 17th. Piper Sandler upped their price target on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, DA Davidson set a $18.00 price target on Old Second Bancorp in a research note on Thursday, October 17th.

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.