Boothbay Fund Management LLC Invests $6.08 Million in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Boothbay Fund Management LLC purchased a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

A number of other institutional investors also recently bought and sold shares of OSBC. Quantbot Technologies LP raised its position in shares of Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock worth $134,000 after acquiring an additional 1,264 shares in the last quarter. Invesco Ltd. lifted its position in shares of Old Second Bancorp by 1.8% during the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock worth $1,385,000 after buying an additional 1,348 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock valued at $204,000 after buying an additional 1,500 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Old Second Bancorp by 10.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,364 shares of the financial services provider's stock valued at $362,000 after buying an additional 1,955 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Old Second Bancorp by 8.7% during the 4th quarter. MetLife Investment Management LLC now owns 26,011 shares of the financial services provider's stock worth $462,000 after acquiring an additional 2,071 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Performance

Shares of OSBC stock traded up $0.18 during midday trading on Thursday, hitting $15.97. The company had a trading volume of 163,411 shares, compared to its average volume of 252,828. The stock has a market cap of $719.40 million, a price-to-earnings ratio of 8.54 and a beta of 0.84. The company's 50 day simple moving average is $16.22 and its 200 day simple moving average is $17.42. Old Second Bancorp, Inc. has a 52-week low of $13.27 and a 52-week high of $19.46. 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 issued its 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). The company had revenue of $73.57 million for 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%. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, April 25th. Old Second Bancorp's payout ratio is 13.11%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stephens cut their target price on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price objective 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Old Second Bancorp presently has an average rating of "Buy" and a consensus price target of $20.10.

About Old Second Bancorp

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.