Dynamic Technology Lab Private Ltd Buys Shares of 40,141 Old Second Bancorp, Inc. $OSBC

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

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Old Second Bancorp by 4,125.0% during the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider's stock worth $90,000 after acquiring an additional 5,280 shares during the last quarter. Quarry LP increased its position in shares of Old Second Bancorp by 145.5% during the first quarter. Quarry LP now owns 5,802 shares of the financial services provider's stock worth $97,000 after acquiring an additional 3,439 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Old Second Bancorp during the fourth quarter worth about $178,000. Quantbot Technologies LP increased its position in shares of Old Second Bancorp by 50.4% during the first quarter. Quantbot Technologies LP now owns 11,322 shares of the financial services provider's stock worth $188,000 after acquiring an additional 3,794 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Old Second Bancorp during the first quarter worth about $193,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Down 0.7%

NASDAQ:OSBC traded down $0.12 during mid-day trading on Monday, reaching $18.14. The stock had a trading volume of 28,265 shares, compared to its average volume of 222,561. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50 day simple moving average is $18.03 and its two-hundred day simple moving average is $17.05. Old Second Bancorp, Inc. has a 1-year low of $14.14 and a 1-year high of $19.46. The company has a market capitalization of $955.07 million, a price-to-earnings ratio of 9.91 and a beta of 0.85.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. The company had revenue of $75.13 million during the quarter, compared to analyst estimates of $63.58 million. Equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, August 4th. Shareholders of record on Friday, July 25th were paid a $0.06 dividend. This represents a yield of 130.0%. The ex-dividend date was Friday, July 25th. Old Second Bancorp's payout ratio is presently 13.11%.

Analyst Upgrades and Downgrades

OSBC has been the topic of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and set 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 upgraded Old Second Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, DA Davidson lifted their price target on Old Second Bancorp from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Old Second Bancorp has an average rating of "Buy" and a consensus target price of $20.70.

Old Second Bancorp Profile

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.