Adage Capital Partners GP L.L.C. Purchases New Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Adage Capital Partners GP L.L.C. purchased a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in Old Second Bancorp by 25.8% in the third quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider's stock worth $973,000 after acquiring an additional 12,785 shares during the period. Barclays PLC increased its position in shares of Old Second Bancorp by 81.3% during the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 52,277 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Old Second Bancorp by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider's stock worth $503,000 after acquiring an additional 3,313 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock worth $17,174,000 after purchasing an additional 153,187 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Old Second Bancorp by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider's stock valued at $600,000 after purchasing an additional 7,068 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Up 0.3 %

NASDAQ:OSBC traded up $0.05 during midday trading on Monday, reaching $16.34. The company had a trading volume of 7,123 shares, compared to its average volume of 252,640. Old Second Bancorp, Inc. has a 12-month low of $13.27 and a 12-month high of $19.46. The firm has a market capitalization of $735.84 million, a price-to-earnings ratio of 8.74 and a beta of 0.84. 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's fifty day simple moving average is $16.14 and its 200-day simple moving average is $17.44.

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

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors 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 payout ratio is 13.11%.

Analyst Upgrades and Downgrades

OSBC has been the subject of a number of research reports. Stephens dropped their price objective on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One 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 stock. According to data from MarketBeat.com, Old Second Bancorp currently has a consensus rating of "Buy" and a consensus target price of $20.10.

Old Second Bancorp Company 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.