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

Stieven Capital Advisors L.P. grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 74.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 716,228 shares of the financial services provider's stock after buying an additional 305,420 shares during the period. Old Second Bancorp makes up 2.3% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 21st largest holding. Stieven Capital Advisors L.P. owned approximately 1.59% of Old Second Bancorp worth $11,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OSBC. Vanguard Group Inc. boosted its stake in shares of Old Second Bancorp by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock worth $46,899,000 after purchasing an additional 181,783 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Old Second Bancorp by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider's stock valued at $35,906,000 after purchasing an additional 134,455 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Old Second Bancorp by 10.5% in the 4th quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock valued at $18,464,000 after purchasing an additional 98,617 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Old Second Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,034,709 shares of the financial services provider's stock valued at $18,402,000 after purchasing an additional 5,224 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Old Second Bancorp by 26.8% in the 4th quarter. AQR Capital Management LLC now owns 404,975 shares of the financial services provider's stock valued at $7,200,000 after purchasing an additional 85,529 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OSBC shares. Keefe, Bruyette & Woods reduced their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler reiterated an "overweight" rating and set a $24.50 price objective (up previously from $22.00) on shares of Old Second Bancorp in a research note on Wednesday, July 2nd. Wall Street Zen lowered shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Finally, Stephens reduced their price objective on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Old Second Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Old Second Bancorp Stock Performance

NASDAQ:OSBC traded down $0.56 during trading hours on Tuesday, hitting $18.40. 201,751 shares of the company were exchanged, compared to its average volume of 257,382. The stock has a market capitalization of $829.03 million, a price-to-earnings ratio of 10.05 and a beta of 0.81. Old Second Bancorp, Inc. has a 52-week low of $14.14 and a 52-week high of $19.46. 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 company's 50 day moving average price is $17.22 and its 200-day moving average price is $17.20.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%. As a group, research analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 25th will be given a dividend of $0.06 per share. Old Second Bancorp's dividend payout ratio is presently 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.