Semanteon Capital Management LP Buys Shares of 23,231 Old Second Bancorp, Inc. (NASDAQ:OSBC)

Semanteon Capital Management LP purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,231 shares of the financial services provider’s stock, valued at approximately $359,000. Semanteon Capital Management LP owned approximately 0.05% of Old Second Bancorp as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Old Second Bancorp during the 3rd quarter worth about $34,000. Criterion Capital Advisors LLC bought a new stake in shares of Old Second Bancorp during the 4th quarter worth about $46,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Old Second Bancorp by 86.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,464 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Old Second Bancorp during the 4th quarter worth about $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Old Second Bancorp by 45.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,147 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 4,767 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James raised Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Thursday, April 4th. Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of Old Second Bancorp in a research report on Friday, April 19th.

Insider Activity

In other news, Vice Chairman Gary S. Collins sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total value of $43,440.00. Following the sale, the insider now directly owns 89,893 shares in the company, valued at approximately $1,301,650.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.90% of the company’s stock.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded down $0.10 during trading hours on Friday, hitting $14.03. The stock had a trading volume of 177,013 shares, compared to its average volume of 179,483. The company has a 50-day moving average of $13.59 and a two-hundred day moving average of $14.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market cap of $629.25 million, a PE ratio of 7.17 and a beta of 1.10. Old Second Bancorp, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $16.76.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $83.83 million during the quarter, compared to analyst estimates of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. On average, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.91 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 26th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. Old Second Bancorp’s dividend payout ratio is currently 10.15%.

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.