Mesirow Financial Investment Management Inc. Sells 6,765 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Mesirow Financial Investment Management Inc. decreased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 25.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,449 shares of the financial services provider’s stock after selling 6,765 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Old Second Bancorp were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Criterion Capital Advisors LLC bought a new stake in shares of Old Second Bancorp during the 4th quarter valued at $46,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Old Second Bancorp during the first quarter valued at about $90,000. SG Americas Securities LLC purchased a new stake in shares of Old Second Bancorp in the fourth quarter worth about $149,000. Quadrature Capital Ltd bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $172,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $197,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Price Performance

Old Second Bancorp stock traded down $0.40 during mid-day trading on Wednesday, hitting $14.80. 92,777 shares of the company traded hands, compared to its average volume of 182,702. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Old Second Bancorp, Inc. has a one year low of $12.69 and a one year high of $16.76. The stock has a market cap of $663.78 million, a price-to-earnings ratio of 7.72 and a beta of 1.09. The stock has a fifty day moving average price of $14.25 and a 200-day moving average price of $14.18.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a return on equity of 16.36% and a net margin of 26.90%. On average, equities analysts predict that Old Second Bancorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 26th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, April 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Wall Street Analysts Forecast Growth

OSBC has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of Old Second Bancorp in a research note on Friday, April 19th. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, April 4th.

Insider Activity at Old Second Bancorp

In related news, Vice Chairman Gary S. Collins sold 21,002 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total transaction of $298,858.46. Following the transaction, the insider now owns 46,624 shares of the company’s stock, valued at approximately $663,459.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Gary S. Collins sold 3,000 shares of Old Second Bancorp stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total value of $43,440.00. Following the transaction, the insider now directly owns 89,893 shares of the company’s stock, valued at $1,301,650.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Gary S. Collins sold 21,002 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total transaction of $298,858.46. Following the sale, the insider now owns 46,624 shares of the company’s stock, valued at $663,459.52. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

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.