GSA Capital Partners LLP Sells 37,547 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

GSA Capital Partners LLP cut its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 50.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,953 shares of the financial services provider's stock after selling 37,547 shares during the period. GSA Capital Partners LLP owned approximately 0.08% of Old Second Bancorp worth $615,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. increased its stake in shares of Old Second Bancorp by 40.3% during the first quarter. Hudson Edge Investment Partners Inc. now owns 59,834 shares of the financial services provider's stock worth $996,000 after purchasing an additional 17,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Old Second Bancorp by 3.5% in 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 buying an additional 843 shares during the period. Bank of America Corp DE grew its position in Old Second Bancorp by 44.2% in the fourth quarter. Bank of America Corp DE now owns 236,062 shares of the financial services provider's stock worth $4,197,000 after acquiring an additional 72,398 shares during the period. GAMMA Investing LLC lifted 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 buying an additional 5,280 shares during the last quarter. Finally, CWM LLC lifted its stake in Old Second Bancorp by 108.3% during the first quarter. CWM LLC now owns 20,305 shares of the financial services provider's stock worth $338,000 after purchasing an additional 10,559 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Price Performance

NASDAQ OSBC traded down $0.18 on Thursday, reaching $16.63. The company's stock had a trading volume of 82,128 shares, compared to its average volume of 228,498. The stock has a market cap of $749.35 million, a PE ratio of 9.09 and a beta of 0.80. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $19.46. The firm's 50 day moving average is $17.61 and its two-hundred day moving average is $17.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted 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). The company 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, sell-side analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

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