AQR Capital Management LLC boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 26.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 404,975 shares of the financial services provider's stock after acquiring an additional 85,529 shares during the quarter. AQR Capital Management LLC owned 0.90% of Old Second Bancorp worth $7,200,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in OSBC. Barclays PLC grew its stake in Old Second Bancorp by 81.3% in the 3rd 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 period. JPMorgan Chase & Co. lifted its holdings in Old Second Bancorp by 16.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock valued at $17,174,000 after purchasing an additional 153,187 shares in the last quarter. SG Americas Securities LLC lifted 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 in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in Old Second Bancorp by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider's stock valued at $979,000 after purchasing an additional 2,095 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Old Second Bancorp in the 4th quarter valued at $96,000. Institutional investors and hedge funds own 67.76% of the company's stock.
Old Second Bancorp Trading Up 0.6%
Shares of NASDAQ OSBC traded up $0.10 during trading on Tuesday, hitting $17.19. 19,426 shares of the company were exchanged, compared to its average volume of 253,662. Old Second Bancorp, Inc. has a 12-month low of $13.38 and a 12-month high of $19.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average price of $15.98 and a 200-day moving average price of $17.44. The firm has a market capitalization of $774.36 million, a PE ratio of 9.19 and a beta of 0.78.
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 company had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. As a group, equities research analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.
Old Second Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. Old Second Bancorp's dividend payout ratio is presently 13.11%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on OSBC. Keefe, Bruyette & Woods decreased their price objective on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Stephens decreased their price objective on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. 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 stock. According to MarketBeat.com, Old Second Bancorp presently has an average rating of "Buy" and a consensus price target of $20.10.
Get Our Latest Stock Report on OSBC
About Old Second Bancorp
(
Free Report)
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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