Stieven Capital Advisors L.P. Boosts Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Stieven Capital Advisors L.P. increased its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 74.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 716,228 shares of the financial services provider's stock after acquiring an additional 305,420 shares during the quarter. Old Second Bancorp makes up about 2.3% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 21st biggest holding. Stieven Capital Advisors L.P. owned 1.59% of Old Second Bancorp worth $11,918,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. increased its holdings in Old Second Bancorp by 40.3% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 59,834 shares of the financial services provider's stock worth $996,000 after acquiring an additional 17,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Old Second Bancorp by 3.5% in the fourth 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 last quarter. Bank of America Corp DE raised its position in shares of 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 valued at $4,197,000 after buying an additional 72,398 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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, SG Americas Securities LLC raised its position in shares of Old Second Bancorp by 31.2% in the first quarter. SG Americas Securities LLC now owns 44,275 shares of the financial services provider's stock valued at $737,000 after buying an additional 10,517 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Trading Down 1.6%

Shares of OSBC traded down $0.31 during mid-day trading on Friday, reaching $18.70. The stock had a trading volume of 187,507 shares, compared to its average volume of 258,062. 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, Inc. has a 52-week low of $14.14 and a 52-week high of $19.46. The business's fifty day moving average is $17.22 and its 200 day moving average is $17.20. The firm has a market cap of $842.62 million, a price-to-earnings ratio of 10.22 and a beta of 0.81.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $73.57 million during the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. On average, sell-side analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, April 25th. Old Second Bancorp's dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research 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 for the company in a research report on Friday, April 25th. Wall Street Zen lowered shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 28th. Finally, Piper Sandler reissued an "overweight" rating and issued a $24.50 price objective (up previously from $22.00) on shares of Old Second Bancorp in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.50.

Old Second Bancorp Company 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.