Cubist Systematic Strategies LLC Increases Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Cubist Systematic Strategies LLC boosted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 52.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,823 shares of the financial services provider's stock after buying an additional 16,756 shares during the quarter. Cubist Systematic Strategies LLC owned 0.11% of Old Second Bancorp worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of OSBC. Quarry LP boosted its stake in shares of Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 974 shares during the period. R Squared Ltd purchased a new stake in shares of Old Second Bancorp during the fourth quarter valued at $96,000. Quantbot Technologies LP boosted its stake in shares of Old Second Bancorp by 20.2% during the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 1,264 shares during the period. Aquatic Capital Management LLC boosted its stake in shares of Old Second Bancorp by 47.3% during the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 2,556 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Old Second Bancorp in the fourth quarter worth about $162,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on OSBC. Keefe, Bruyette & Woods lowered 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. Stephens decreased 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 report on Friday, April 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $20.10.

Old Second Bancorp Stock Up 0.1%

Shares of OSBC stock traded up $0.02 during mid-day trading on Tuesday, hitting $17.10. 11,085 shares of the stock traded hands, compared to its average volume of 233,436. 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 stock's fifty day moving average is $16.02 and its two-hundred day moving average is $17.45. Old Second Bancorp, Inc. has a 52-week low of $13.38 and a 52-week high of $19.46. The stock has a market cap of $770.46 million, a P/E ratio of 9.16 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued 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). The firm 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%. Equities analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a dividend of $0.06 per share. The ex-dividend date was Friday, April 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. Old Second Bancorp's dividend payout ratio (DPR) is 13.11%.

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.