Dimensional Fund Advisors LP Has $48.16 Million Holdings in Old Second Bancorp, Inc. $OSBC

Dimensional Fund Advisors LP raised its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,388,862 shares of the financial services provider's stock after purchasing an additional 127,988 shares during the period. Dimensional Fund Advisors LP owned approximately 4.61% of Old Second Bancorp worth $48,159,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Old Second Bancorp by 181.3% during the 1st quarter. Parallel Advisors LLC now owns 2,622 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,690 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Old Second Bancorp by 50.8% in the 1st quarter. Principal Financial Group Inc. now owns 75,090 shares of the financial services provider's stock valued at $1,514,000 after acquiring an additional 25,308 shares in the last quarter. Hsbc Holdings PLC boosted its position in Old Second Bancorp by 6.3% during the first quarter. Hsbc Holdings PLC now owns 85,183 shares of the financial services provider's stock valued at $1,716,000 after purchasing an additional 5,078 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Old Second Bancorp during the first quarter valued at approximately $1,060,000. Finally, River Street Advisors LLC grew its stake in Old Second Bancorp by 104.0% in the first quarter. River Street Advisors LLC now owns 746,660 shares of the financial services provider's stock valued at $15,053,000 after purchasing an additional 380,589 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock opened at $25.29 on Monday. The business has a 50-day moving average price of $22.77 and a two-hundred day moving average price of $21.27. Old Second Bancorp, Inc. has a 1-year low of $16.42 and a 1-year high of $25.67. The company has a market cap of $1.30 billion, a P/E ratio of 14.53 and a beta of 0.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.85%. The firm had revenue of $96.59 million during the quarter, compared to the consensus estimate of $94.88 million. As a group, analysts anticipate that Old Second Bancorp, Inc. will post 2.2 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 31st will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, July 31st. This represents a $0.28 annualized dividend and a yield of 1.1%. Old Second Bancorp's dividend payout ratio is 16.09%.

Analysts Set New Price Targets

OSBC has been the subject of several recent analyst reports. Raymond James Financial started coverage on Old Second Bancorp in a report on Tuesday, July 7th. They issued an "outperform" rating and a $26.00 price objective for the company. DA Davidson upped their price target on shares of Old Second Bancorp from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Zacks Research raised Old Second Bancorp from a "hold" rating to a "strong-buy" rating in a report on Thursday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Old Second Bancorp in a report on Friday, May 29th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $30.00 price target (up from $26.00) on shares of Old Second Bancorp in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $25.40.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.

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