40,141 Shares in Old Second Bancorp, Inc. $OSBC Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of approximately $668,000 in Old Second Bancorp, acquiring 40,141 shares of the company.
• Analyst ratings for Old Second Bancorp have generally improved, with Piper Sandler raising the target price from $22.00 to $24.50 and an average consensus price target of $20.70.
• Old Second Bancorp declared a special dividend of $0.06, resulting in a yield of 130.0%, and reported a net margin of 24.38% in its latest earnings results.

Dynamic Technology Lab Private Ltd purchased a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,141 shares of the financial services provider's stock, valued at approximately $668,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Old Second Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the stock. Alps Advisors Inc. lifted its holdings in shares of Old Second Bancorp by 3.9% in the first quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 808 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Old Second Bancorp by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider's stock worth $441,000 after acquiring an additional 843 shares during the period. Principal Financial Group Inc. lifted its holdings in Old Second Bancorp by 3.1% during the first quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider's stock worth $606,000 after acquiring an additional 1,109 shares during the period. Squarepoint Ops LLC lifted its holdings in Old Second Bancorp by 6.4% during the fourth quarter. Squarepoint Ops LLC now owns 22,703 shares of the financial services provider's stock worth $404,000 after acquiring an additional 1,363 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Old Second Bancorp by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,165 shares of the financial services provider's stock worth $395,000 after acquiring an additional 2,631 shares during the period. Institutional investors own 67.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on OSBC. Piper Sandler reissued an "overweight" rating and issued a $24.50 target price (up from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Wall Street Zen raised Old Second Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, DA Davidson raised their target price on Old Second Bancorp from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Old Second Bancorp currently has an average rating of "Buy" and an average price target of $20.70.

Old Second Bancorp Stock Performance

Shares of NASDAQ OSBC traded down $0.13 during mid-day trading on Friday, hitting $18.26. The company had a trading volume of 193,755 shares, compared to its average volume of 190,922. The company has a market capitalization of $961.39 million, a price-to-earnings ratio of 9.98 and a beta of 0.85. Old Second Bancorp, Inc. has a 1 year low of $14.14 and a 1 year high of $19.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $18.03 and its 200-day moving average price is $17.07.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $75.13 million during the quarter, compared to analysts' expectations of $63.58 million. Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. On average, sell-side analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 25th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a yield of 130.0%. Old Second Bancorp's dividend payout ratio (DPR) is currently 13.11%.

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.