Balyasny Asset Management L.P. Invests $813,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Balyasny Asset Management L.P. bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in OSBC. Quarry LP grew its holdings in shares of Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock worth $42,000 after purchasing an additional 974 shares during the last quarter. R Squared Ltd bought a new position in shares of Old Second Bancorp in the fourth quarter worth approximately $96,000. Quantbot Technologies LP grew its holdings 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 worth $134,000 after purchasing an additional 1,264 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock worth $141,000 after purchasing an additional 2,556 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Old Second Bancorp in the fourth quarter worth approximately $162,000. Institutional investors own 67.76% of the company's stock.

Old Second Bancorp Trading Down 0.6%

NASDAQ:OSBC traded down $0.11 during trading hours on Friday, hitting $17.10. The company had a trading volume of 474,795 shares, compared to its average volume of 255,814. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $770.46 million, a PE ratio of 9.14 and a beta of 0.78. The stock has a 50-day moving average price of $16.01 and a 200 day moving average price of $17.44. Old Second Bancorp, Inc. has a 52 week low of $13.38 and a 52 week high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, equities research analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend 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 currently 13.11%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OSBC. Keefe, Bruyette & Woods cut their price target on shares of 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 cut their price target on shares of 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 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.com, the company presently has a consensus rating of "Buy" and a consensus price target 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.