Wellington Management Group LLP Has $5.03 Million Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Wellington Management Group LLP lessened its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 18.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,537 shares of the financial services provider’s stock after selling 71,663 shares during the period. Wellington Management Group LLP owned 0.72% of Old Second Bancorp worth $5,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OSBC. State Street Corp lifted its holdings in Old Second Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after purchasing an additional 77,143 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Old Second Bancorp in the third quarter worth $101,000. Point72 Asset Management L.P. bought a new stake in shares of Old Second Bancorp during the 3rd quarter worth $289,000. Centiva Capital LP boosted its holdings in shares of Old Second Bancorp by 36.2% during the 3rd quarter. Centiva Capital LP now owns 18,294 shares of the financial services provider’s stock worth $285,000 after buying an additional 4,861 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Old Second Bancorp in the 3rd quarter valued at $204,000. 67.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OSBC shares. Piper Sandler upped their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Friday, October 18th. DA Davidson set a $18.00 target price on Old Second Bancorp in a research note on Thursday, October 17th. Finally, Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $19.00 to $18.00 in a research report on Tuesday, September 17th.

Old Second Bancorp Stock Up 1.1 %

Shares of OSBC opened at $18.60 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50-day simple moving average of $17.50 and a 200-day simple moving average of $16.24. Old Second Bancorp, Inc. has a 52 week low of $13.00 and a 52 week high of $19.37. The firm has a market capitalization of $834.27 million, a P/E ratio of 10.02 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. The firm had revenue of $71.16 million during the quarter, compared to analysts’ expectations of $70.95 million. On average, equities research analysts expect that Old Second Bancorp, Inc. will post 1.95 earnings per share for the current year.

Old Second Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s payout ratio is currently 12.97%.

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.