Bank of America Corp DE Increases Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Bank of America Corp DE grew its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 44.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 236,062 shares of the financial services provider's stock after acquiring an additional 72,398 shares during the period. Bank of America Corp DE owned about 0.53% of Old Second Bancorp worth $4,197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in OSBC. Barclays PLC raised its holdings in shares of Old Second Bancorp by 81.3% in the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after purchasing an additional 52,277 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Old Second Bancorp by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider's stock valued at $600,000 after purchasing an additional 7,068 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at $96,000. River Street Advisors LLC acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at $3,363,000. Finally, Centennial Wealth Advisory LLC raised its holdings in shares of Old Second Bancorp by 48.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 17,245 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 5,658 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded down $0.08 during trading hours on Friday, reaching $16.67. 229,269 shares of the stock were exchanged, compared to its average volume of 255,845. The stock has a market cap of $751.08 million, a P/E ratio of 8.91 and a beta of 0.78. 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, Inc. has a 52-week low of $13.38 and a 52-week high of $19.46. The firm's 50 day moving average is $16.00 and its 200 day moving average is $17.38.

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 firm had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of 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 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 note on Friday, April 25th. One investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $20.10.

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.