Jupiter Asset Management Ltd. Invests $295,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Jupiter Asset Management Ltd. purchased a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,742 shares of the financial services provider's stock, valued at approximately $295,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in shares of Old Second Bancorp by 3.9% in the 1st quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider's stock worth $361,000 after buying an additional 808 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Old Second Bancorp by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 843 shares during the last quarter. Quarry LP grew its holdings in shares of Old Second Bancorp by 70.1% during the 4th quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 974 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Old Second Bancorp by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider's stock valued at $606,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Old Second Bancorp by 1.8% during the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock valued at $1,385,000 after purchasing an additional 1,348 shares during the last quarter. Institutional investors own 67.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on OSBC shares. Piper Sandler reaffirmed an "overweight" rating and set a $24.50 target price (up previously from $22.00) on shares of Old Second Bancorp in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Stephens reduced their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Wall Street Zen raised shares of Old Second Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, DA Davidson increased their target price on shares of Old Second Bancorp from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Old Second Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $20.70.

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock opened at $16.80 on Tuesday. The firm has a market cap of $756.94 million, a PE ratio of 9.18 and a beta of 0.80. Old Second Bancorp, Inc. has a 12-month low of $14.14 and a 12-month high of $19.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $17.60 and its two-hundred day simple moving average is $17.23.

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 (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 the consensus estimate of $63.58 million. Old Second Bancorp had a return on equity of 12.73% and a net margin of 24.38%. As a group, equities analysts expect 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. Shareholders of record on Friday, July 25th were issued a $0.06 dividend. This represents a yield of 130.0%. The ex-dividend date of this dividend was Friday, July 25th. Old Second Bancorp's dividend payout ratio (DPR) is 13.11%.

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.

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