Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 50.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 372,120 shares of the financial services provider's stock after purchasing an additional 124,336 shares during the period. Bridgeway Capital Management LLC owned about 0.83% of Old Second Bancorp worth $6,616,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Old Second Bancorp by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock valued at $46,899,000 after buying an additional 181,783 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Old Second Bancorp by 7.1% in 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 purchasing an additional 134,455 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $17,174,000 after purchasing an additional 153,187 shares during the period. American Century Companies Inc. boosted its position in Old Second Bancorp by 10.5% during the fourth quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock worth $18,464,000 after purchasing an additional 98,617 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Old Second Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,034,709 shares of the financial services provider's stock valued at $18,402,000 after purchasing an additional 5,224 shares during the period. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Stock Performance

Shares of NASDAQ OSBC traded up $0.56 during midday trading on Monday, reaching $17.15. 35,734 shares of the company were exchanged, compared to its average volume of 254,001. The stock has a market cap of $772.33 million, a P/E ratio of 9.17 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 stock has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $17.43. 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 (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share 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 analyst estimates of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, research analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced 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 payout ratio is 13.11%.

Analysts Set New Price Targets

OSBC has been the topic of several research reports. Keefe, Bruyette & Woods decreased their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stephens dropped their price target on shares of 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price 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.