Boothbay Fund Management LLC Makes New Investment in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Boothbay Fund Management LLC purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 342,206 shares of the financial services provider's stock, valued at approximately $6,084,000. Boothbay Fund Management LLC owned approximately 0.76% of Old Second Bancorp at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OSBC. Jane Street Group LLC grew its stake in Old Second Bancorp by 25.8% in the 3rd quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider's stock valued at $973,000 after acquiring an additional 12,785 shares during the period. Barclays PLC grew its position in shares of Old Second Bancorp by 81.3% in the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after purchasing an additional 52,277 shares during the period. Geode Capital Management LLC increased its stake in shares of Old Second Bancorp by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider's stock worth $16,053,000 after purchasing an additional 22,747 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Old Second Bancorp by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider's stock worth $503,000 after purchasing an additional 3,313 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 buying an additional 153,187 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock traded up $0.30 on Friday, hitting $16.27. 49,087 shares of the company were exchanged, compared to its average volume of 252,247. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $16.18 and a 200 day moving average price of $17.42. The stock has a market capitalization of $732.69 million, a price-to-earnings ratio of 8.70 and a beta of 0.84. Old Second Bancorp, Inc. has a 1-year low of $13.27 and a 1-year high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings data 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). 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 analyst estimates of $60.00 million. As a group, sell-side analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, April 25th. Old Second Bancorp's payout ratio is currently 13.11%.

Wall Street Analyst Weigh In

OSBC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Stephens reduced 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. One investment 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 company's stock. According to MarketBeat.com, Old Second Bancorp has an average rating of "Buy" and an average 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.