Raymond James & Associates increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Rating) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,309 shares of the financial services provider's stock after purchasing an additional 2,500 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Old Second Bancorp worth $461,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Old Second Bancorp during the second quarter worth about $48,000. Amalgamated Bank purchased a new stake in shares of Old Second Bancorp during the first quarter worth about $49,000. Rafferty Asset Management LLC purchased a new stake in shares of Old Second Bancorp during the second quarter worth about $142,000. UBS Group AG grew its position in shares of Old Second Bancorp by 140.8% during the second quarter. UBS Group AG now owns 11,068 shares of the financial services provider's stock worth $148,000 after purchasing an additional 6,471 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Old Second Bancorp during the second quarter worth about $164,000. Hedge funds and other institutional investors own 65.85% of the company's stock.
Get Old Second Bancorp alerts:Analysts Set New Price Targets
OSBC has been the subject of several research analyst reports. Raymond James increased their target price on Old Second Bancorp from $18.50 to $20.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 28th. StockNews.com assumed coverage on Old Second Bancorp in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Piper Sandler increased their price target on Old Second Bancorp to $21.00 in a research note on Tuesday, November 1st. DA Davidson reissued a "buy" rating on shares of Old Second Bancorp in a research note on Wednesday, December 21st. Finally, TheStreet raised Old Second Bancorp from a "c+" rating to a "b" rating in a research note on Friday, October 14th.
Old Second Bancorp Price Performance
NASDAQ:OSBC opened at $17.10 on Friday. The firm has a market capitalization of $762.15 million, a price-to-earnings ratio of 11.48 and a beta of 1.12. Old Second Bancorp, Inc. has a 1 year low of $12.91 and a 1 year high of $17.80. The business has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $15.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.74 and a quick ratio of 0.74.Old Second Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 27th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 26th. Old Second Bancorp's payout ratio is 13.42%.
Old Second Bancorp Profile
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Old Second Bancorp, Inc is a bank holding company. It engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The firm operates through the community banking segment.
Further Reading
- Get a free copy of the StockNews.com research report on Old Second Bancorp (OSBC)
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