Dimensional Fund Advisors LP Has $35.91 Million Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Dimensional Fund Advisors LP grew its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,019,433 shares of the financial services provider's stock after acquiring an additional 134,455 shares during the period. Dimensional Fund Advisors LP owned 4.50% of Old Second Bancorp worth $35,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in Old Second Bancorp in the 4th quarter worth approximately $96,000. Quantbot Technologies LP increased its stake in shares of Old Second Bancorp by 20.2% in the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after buying an additional 1,264 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Old Second Bancorp during the fourth quarter worth $162,000. New York State Common Retirement Fund lifted its stake in shares of Old Second Bancorp by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 1,500 shares during the period. Finally, XTX Topco Ltd bought a new position in Old Second Bancorp in the fourth quarter valued at about $214,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Down 0.7 %

OSBC traded down $0.12 during midday trading on Friday, reaching $16.64. 258,701 shares of the company were exchanged, compared to its average volume of 254,847. The stock has a market capitalization of $749.58 million, a P/E ratio of 8.90 and a beta of 0.78. Old Second Bancorp, Inc. has a one year low of $13.38 and a one year high of $19.46. The stock's 50-day simple moving average is $15.98 and its 200 day simple moving average is $17.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

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 the consensus estimate 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 firm had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, analysts forecast 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 was paid on Monday, May 5th. Investors of record on Friday, April 25th were given 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 was Friday, April 25th. Old Second Bancorp's dividend payout ratio is currently 13.11%.

Analyst Upgrades and Downgrades

OSBC has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price objective 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 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. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price 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.