Centennial Wealth Advisory LLC Grows Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Centennial Wealth Advisory LLC raised its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 48.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,245 shares of the financial services provider’s stock after buying an additional 5,658 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Old Second Bancorp were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OSBC. R Squared Ltd purchased a new stake in Old Second Bancorp in the 4th quarter worth approximately $96,000. Quantbot Technologies LP raised its position in shares of Old Second Bancorp by 134.0% in the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 3,587 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Old Second Bancorp during the 3rd quarter valued at about $101,000. CWM LLC grew its position in shares of Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 2,123 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Old Second Bancorp during the 3rd quarter valued at about $158,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $17.79 per share, with a total value of $100,068.75. Following the purchase, the director now directly owns 18,679 shares in the company, valued at approximately $332,299.41. This trade represents a 43.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OSBC. DA Davidson set a $18.00 target price on Old Second Bancorp in a research report on Thursday, October 17th. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Stephens reissued an “overweight” rating and set a $21.00 target price on shares of Old Second Bancorp in a research note on Thursday, January 23rd. Finally, Piper Sandler lifted their price target on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th.

Old Second Bancorp Stock Performance

OSBC opened at $19.16 on Thursday. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $19.37. The firm has a market capitalization of $859.38 million, a PE ratio of 10.25 and a beta of 1.07. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $18.24 and its 200 day moving average price is $17.16.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, sell-side analysts expect that Old Second Bancorp, Inc. will post 1.87 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, January 31st. Old Second Bancorp’s payout ratio is currently 12.83%.

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.