Bridgeway Capital Management LLC Raises Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Bridgeway Capital Management LLC increased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 50.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 372,120 shares of the financial services provider's stock after buying 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OSBC. JPMorgan Chase & Co. increased its holdings in Old Second Bancorp by 16.2% in the third 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 during the last quarter. Barclays PLC boosted its position in shares of Old Second Bancorp by 81.3% during the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock worth $1,817,000 after acquiring an additional 52,277 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Old Second Bancorp by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider's stock valued at $628,000 after acquiring an additional 3,082 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Old Second Bancorp by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider's stock worth $600,000 after acquiring an additional 7,068 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Old Second Bancorp by 31.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 168,934 shares of the financial services provider's stock worth $3,004,000 after purchasing an additional 40,542 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock traded down $0.12 during trading on Friday, reaching $16.64. The company's stock had a trading volume of 258,701 shares, compared to its average volume of 254,847. The company has a 50-day moving average price of $15.98 and a two-hundred day moving average price of $17.42. Old Second Bancorp, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $19.46. The firm has a market cap of $749.58 million, a PE ratio of 8.90 and a beta of 0.78. 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 posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. The business had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. On average, analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp's payout ratio is currently 13.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stephens cut their price objective 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. Keefe, Bruyette & Woods decreased their price objective on shares of 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 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 data from MarketBeat.com, Old Second Bancorp has a consensus rating of "Buy" and an average 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.