Old Second Bancorp, Inc. (NASDAQ:OSBC) Short Interest Update

Old Second Bancorp, Inc. (NASDAQ:OSBC) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 404,700 shares, an increase of 36.9% from the February 13th total of 295,600 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 242,400 shares, the short-interest ratio is currently 1.7 days.

Old Second Bancorp Stock Up 2.1 %

NASDAQ OSBC traded up $0.34 during trading on Friday, hitting $16.52. The company’s stock had a trading volume of 155,302 shares, compared to its average volume of 231,459. Old Second Bancorp has a fifty-two week low of $13.02 and a fifty-two week high of $19.46. The company has a market cap of $744.18 million, a PE ratio of 8.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day simple moving average is $18.17 and its 200-day simple moving average is $17.52.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, equities analysts anticipate that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OSBC shares. Raymond James raised Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Stephens boosted their target price on shares of Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $20.90.

Insiders Place Their Bets

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $17.79 per share, with a total value of $100,068.75. Following the transaction, the director now owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This trade represents a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by company insiders.

Institutional Trading of Old Second Bancorp

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after purchasing an additional 153,187 shares during the last quarter. State Street Corp raised its position in Old Second Bancorp by 6.5% during the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after buying an additional 77,143 shares during the last quarter. Jane Street Group LLC lifted its stake in Old Second Bancorp by 25.8% during the 3rd quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock valued at $973,000 after acquiring an additional 12,785 shares during the period. Barclays PLC boosted its holdings in shares of Old Second Bancorp by 81.3% in the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after acquiring an additional 52,277 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Old Second Bancorp by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock worth $16,053,000 after acquiring an additional 22,747 shares during the period. Hedge funds and other institutional investors own 67.76% of the company’s stock.

About Old Second Bancorp

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.