Teacher Retirement System of Texas grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 11.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,498 shares of the financial services provider’s stock after buying an additional 6,074 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Old Second Bancorp worth $803,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in OSBC. SageView Advisory Group LLC acquired a new position in Old Second Bancorp during the first quarter worth $322,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Old Second Bancorp in the 1st quarter worth about $179,000. Great Lakes Advisors LLC purchased a new stake in Old Second Bancorp during the 1st quarter worth approximately $1,425,000. ClariVest Asset Management LLC acquired a new position in shares of Old Second Bancorp during the first quarter valued at approximately $507,000. Finally, Mount Capital Ltd purchased a new position in shares of Old Second Bancorp in the first quarter valued at approximately $1,036,000. 65.85% of the stock is owned by institutional investors and hedge funds.
Old Second Bancorp Stock Performance
Old Second Bancorp stock opened at $13.78 on Wednesday. The firm has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $13.68. The stock has a market cap of $615.55 million, a price-to-earnings ratio of 6.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.78. Old Second Bancorp, Inc. has a 1-year low of $10.79 and a 1-year high of $17.80.
Old Second Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.20 annualized dividend and a yield of 1.45%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 9.85%.
Analysts Set New Price Targets
Several research analysts recently commented on OSBC shares. Stephens reissued an “overweight” rating and issued a $18.00 price objective on shares of Old Second Bancorp in a research note on Thursday, July 20th. Piper Sandler boosted their price target on shares of Old Second Bancorp from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. StockNews.com started coverage on shares of Old Second Bancorp in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Raymond James upped their price target on Old Second Bancorp from $17.00 to $19.00 and gave the company a “strong-buy” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $18.67.
Read Our Latest Stock Analysis on OSBC
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.
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