Former second Bancorp, Inc. (NASDAQ: OSBC – Get a rating) Director William B. Skoglund sold 4,557 shares of the company in a trade that took place on Monday, April 11. The shares were sold at an average price of $14.20, for a total value of $64,709.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink.
Shares of Former Second Bancorp shares traded at $0.15 during Monday trading hours, reaching $14.24. The company’s shares had a trading volume of 158,023 shares, compared to an average volume of 206,981. Old Second Bancorp, Inc. has a 12-month low of $11.16 and a 12-month high of 15 $.48. The company has a fifty-day moving average of $14.26 and a 200-day moving average of $13.57. The stock has a market capitalization of $633.12 million, a price/earnings ratio of 19.51 and a beta of 1.16. The company has a debt ratio of 0.30, a quick ratio of 0.75 and a current ratio of 0.75.
Former second Bancorp (NASDAQ: OSBC – Get a rating) last announced its quarterly results on Wednesday, January 26. The financial services provider reported EPS of $0.36 for the quarter, beating Thomson Reuters consensus estimate of $0.22 from $0.14. Old Second Bancorp had a return on equity of 10.57% and a net margin of 13.87%. The company posted revenue of $39.32 million for the quarter, versus analyst estimates of $39.07 million. On average, sell-side analysts expect Old Second Bancorp, Inc. to post earnings per share of 1.26 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 7. Shareholders of record on Friday, January 28 received a dividend of $0.05. This represents an annualized dividend of $0.20 and a dividend yield of 1.40%. The ex-dividend date was Thursday, January 27. Old Second Bancorp’s dividend payout ratio (DPR) is currently 27.40%.
Several institutional investors have recently changed their positions in OSBC. Knights of Columbus Asset Advisors LLC increased its stake in Old Second Bancorp by 0.4% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 200,434 shares of the financial services provider worth $2,618,000 after purchasing an additional 750 shares during the period. First Trust Advisors LP increased its stake in Old Second Bancorp by 7.3% during the 4th quarter. First Trust Advisors LP now owns 13,322 shares of the financial services provider worth $168,000 after purchasing an additional 909 shares during the period. Russell Investments Group Ltd. increased its position in shares of Old Second Bancorp by 0.3% in the third quarter. Russell Investments Group Ltd. now owns 423,417 shares of the financial services provider valued at $5,527,000 after purchasing an additional 1,321 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Old Second Bancorp by 7.9% in the fourth quarter. Citadel Advisors LLC now owns 19,782 shares of the financial services provider valued at $249,000 after buying an additional 1,452 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Old Second Bancorp by 2.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 67,523 shares of the financial services provider valued at $850,000 after buying an additional 1,911 shares in the last quarter. 73.50% of the shares are currently held by institutional investors and hedge funds.
Several analysts have recently commented on OSBC shares. StockNews.com began covering Old Second Bancorp in a research report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a target price of $17.00 for the company in a Saturday, April 2 report. Finally, DA Davidson upgraded Old Second Bancorp from a “neutral” rating to a “buy” rating and set a target price of $22.00 for the company in a Monday, March 21 report.
About Old Second Bancorp (Get a rating)
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank which provides community banking services. It provides current, NOW, money market, savings, term deposit, individual retirement and checking accounts, as well as certificates of deposit accounts. The company also offers commercial loans; finance lease receivables; commercial real estate loans; building loans; residential real estate loans, such as residential first and second mortgages; home equity line of credit; consumer loans, including auto, home improvement and signature loans; installment loans and agricultural loans; residential mortgages; and verification of overdrafts.
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