Ameriprise Financial Inc. Has $2.25 Million Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Ameriprise Financial Inc. lessened its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 28.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,715 shares of the financial services provider's stock after selling 50,315 shares during the period. Ameriprise Financial Inc. owned 0.28% of Old Second Bancorp worth $2,253,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OSBC. Quarry LP grew its holdings 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 worth $42,000 after acquiring an additional 974 shares during the period. R Squared Ltd acquired a new stake in Old Second Bancorp during the 4th quarter worth $96,000. Quantbot Technologies LP grew its holdings 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 worth $134,000 after acquiring an additional 1,264 shares during the period. Aquatic Capital Management LLC grew its holdings 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 worth $141,000 after acquiring an additional 2,556 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Old Second Bancorp during the 4th quarter worth $162,000. Institutional investors own 67.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on OSBC shares. Stephens lowered their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods cut their price objective on shares of 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Old Second Bancorp currently has an average rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Stock Up 1.2%

NASDAQ:OSBC traded up $0.20 on Tuesday, hitting $16.67. 185,642 shares of the company's stock were exchanged, compared to its average volume of 255,684. The firm has a 50-day moving average price of $15.99 and a 200-day moving average price of $17.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. Old Second Bancorp, Inc. has a 52 week low of $13.38 and a 52 week high of $19.46. The company has a market cap of $751.08 million, a P/E ratio of 8.91 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

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

Old Second Bancorp 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.