Adage Capital Partners GP L.L.C. Invests $1.24 Million in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Adage Capital Partners GP L.L.C. purchased a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 69,987 shares of the financial services provider's stock, valued at approximately $1,244,000. Adage Capital Partners GP L.L.C. owned 0.16% of Old Second Bancorp at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OSBC. R Squared Ltd bought a new stake in Old Second Bancorp in the 4th quarter valued at about $96,000. Quantbot Technologies LP raised its position in shares of Old Second Bancorp by 20.2% in the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 1,264 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Old Second Bancorp during the 4th quarter valued at approximately $162,000. New York State Common Retirement Fund boosted its holdings in Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock worth $204,000 after buying an additional 1,500 shares during the period. Finally, XTX Topco Ltd purchased a new position in Old Second Bancorp in the 4th quarter valued at approximately $214,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Price Performance

Shares of OSBC traded up $0.32 during trading hours on Friday, reaching $16.29. 208,130 shares of the company's stock traded hands, compared to its average volume of 253,219. Old Second Bancorp, Inc. has a 12 month low of $13.27 and a 12 month high of $19.46. 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 stock has a market cap of $733.82 million, a PE ratio of 8.71 and a beta of 0.84. The firm's 50 day simple moving average is $16.14 and its 200-day simple moving average is $17.42.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. Equities analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, April 25th. Old Second Bancorp's dividend payout ratio (DPR) is currently 13.11%.

Wall Street Analysts Forecast Growth

OSBC has been the subject of a number of analyst reports. Stephens cut their price target on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $20.10.

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.