Bailard Inc. Invests $702,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Bailard Inc. acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 42,200 shares of the financial services provider's stock, valued at approximately $702,000. Bailard Inc. owned 0.09% of Old Second Bancorp as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP raised its position in Old Second Bancorp by 70.1% during the 4th 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 in the last quarter. GAMMA Investing LLC raised its position in Old Second Bancorp by 4,125.0% during the 1st quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 5,280 shares in the last quarter. Quantbot Technologies LP raised its position in 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 valued at $134,000 after purchasing an additional 1,264 shares in the last quarter. Aquatic Capital Management LLC raised its position in Old Second Bancorp by 47.3% during the 4th 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Old Second Bancorp during the 4th quarter valued at $162,000. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Stock Up 0.4%

NASDAQ:OSBC traded up $0.08 during mid-day trading on Tuesday, hitting $18.66. 171,512 shares of the company's stock traded hands, compared to its average volume of 250,224. The company has a fifty day moving average of $17.46 and a 200 day moving average of $17.23. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $19.46. The company has a market capitalization of $840.82 million, a P/E ratio of 10.20 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. The business had revenue of $73.57 million for 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 Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, July 25th. This represents a yield of 1.3%. Old Second Bancorp's payout ratio is presently 13.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OSBC shares. Piper Sandler reissued an "overweight" rating and issued a $24.50 price target (up from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price target on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wall Street Zen raised Old Second Bancorp from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Stephens reduced their price target on 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.50.

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.