AQR Capital Management LLC Boosts Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

AQR Capital Management LLC increased its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 about 0.90% of Old Second Bancorp worth $7,200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Tudor Investment Corp ET AL acquired a new position in shares of Old Second Bancorp in the 4th quarter worth approximately $737,000. Quarry LP lifted its holdings in Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after buying an additional 974 shares during the period. Aquatic Capital Management LLC boosted its position in Old Second Bancorp by 47.3% during the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 2,556 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Old Second Bancorp during the 4th quarter worth about $6,084,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Old Second Bancorp during the 4th quarter worth about $1,244,000. 67.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Stephens cut their price target 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 equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $20.10.

Old Second Bancorp Stock Down 0.7 %

OSBC stock traded down $0.12 during trading on Friday, reaching $16.64. 258,701 shares of the stock were exchanged, compared to its average volume of 254,847. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46. The firm's 50 day moving average is $15.98 and its 200 day moving average is $17.42. The firm has a market cap of $749.58 million, a P/E ratio of 8.90 and a beta of 0.78.

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

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a $0.06 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. Old Second Bancorp's dividend payout ratio is presently 13.11%.

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.