Balyasny Asset Management L.P. Takes Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Balyasny Asset Management L.P. acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,745 shares of the financial services provider's stock, valued at approximately $813,000. Balyasny Asset Management L.P. owned about 0.10% of Old Second Bancorp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Old Second Bancorp by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock valued at $46,899,000 after acquiring an additional 181,783 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Old Second Bancorp by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider's stock valued at $35,906,000 after acquiring an additional 134,455 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Old Second Bancorp by 10.5% during the 4th quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock valued at $18,464,000 after acquiring an additional 98,617 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Old Second Bancorp by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,034,709 shares of the financial services provider's stock valued at $18,402,000 after acquiring an additional 5,224 shares during the last quarter. Finally, Stieven Capital Advisors L.P. increased its stake in shares of Old Second Bancorp by 6.6% during the 4th quarter. Stieven Capital Advisors L.P. now owns 410,808 shares of the financial services provider's stock valued at $7,304,000 after acquiring an additional 25,400 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Analyst Upgrades and Downgrades

OSBC has been the subject of a number of research analyst reports. Stephens dropped their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their target price on shares of 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $20.10.

Old Second Bancorp Stock Up 0.1%

NASDAQ OSBC traded up $0.02 on Tuesday, reaching $17.10. The company had a trading volume of 11,085 shares, compared to its average volume of 233,436. The firm has a market capitalization of $770.46 million, a PE ratio of 9.16 and a beta of 0.78. Old Second Bancorp, Inc. has a 1 year low of $13.38 and a 1 year high of $19.46. The firm has a 50-day moving average of $16.02 and a 200-day moving average of $17.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

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

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, April 25th. 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.