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

Ameriprise Financial Inc. decreased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 28.4% during the 4th quarter, according to its most recent 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 quarter. Ameriprise Financial Inc. owned about 0.28% of Old Second Bancorp worth $2,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after buying an additional 974 shares in the last quarter. R Squared Ltd bought a new position in Old Second Bancorp in the fourth quarter valued at approximately $96,000. Quantbot Technologies LP lifted its stake in Old Second Bancorp by 20.2% in the fourth 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 in the last quarter. Aquatic Capital Management LLC lifted its stake in Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after buying an additional 2,556 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Old Second Bancorp in the fourth quarter valued at approximately $162,000. Institutional investors own 67.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OSBC. 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. 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 research report on Friday, April 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Old Second Bancorp currently has an average rating of "Buy" and an average price target of $20.10.

Old Second Bancorp Stock Down 0.5%

Shares of OSBC stock traded down $0.08 during trading on Friday, reaching $16.67. The company's stock had a trading volume of 229,269 shares, compared to its average volume of 255,845. The business has a fifty day moving average price of $16.00 and a 200-day moving average price of $17.38. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $751.08 million, a price-to-earnings ratio of 8.91 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.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced 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 business had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a dividend of $0.06 per share. 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 payout ratio is 13.11%.

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.