Old Second Bancorp, Inc. $OSBC Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Old Second Bancorp by 43.5%, holding 18,200 shares valued at $303,000 after selling 14,023 shares in the first quarter.
• Old Second Bancorp recently reported $0.48 EPS, slightly missing analyst expectations of $0.49 EPS, though the company generated higher revenue than anticipated at $75.13 million.
• The company declared a special dividend of $0.06 per share, resulting in a substantial yield of 130.0%, with a dividend payout ratio of 13.11%.

Jump Financial LLC cut its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 43.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,200 shares of the financial services provider's stock after selling 14,023 shares during the quarter. Jump Financial LLC's holdings in Old Second Bancorp were worth $303,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Old Second Bancorp by 4,125.0% in the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 5,280 shares during the period. 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. Avantax Advisory Services Inc. purchased a new stake in shares of Old Second Bancorp during the first quarter worth about $193,000. Finally, Dakota Wealth Management purchased a new stake in shares of Old Second Bancorp during the first quarter worth about $200,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Down 1.8%

NASDAQ:OSBC traded down $0.33 during mid-day trading on Friday, reaching $18.43. The stock had a trading volume of 259,467 shares, compared to its average volume of 171,974. The company has a market capitalization of $970.34 million, a price-to-earnings ratio of 10.07 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 stock's 50 day simple moving average is $18.06 and its two-hundred day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly 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). The firm had revenue of $75.13 million during the quarter, compared to analyst estimates of $63.58 million. Old Second Bancorp had a return on equity of 12.53% and a net margin of 24.38%. Equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, August 4th. Investors 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 dividend payout ratio (DPR) is 13.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen raised Old Second Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. DA Davidson lifted 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.