BNP Paribas Financial Markets Boosts Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

BNP Paribas Financial Markets increased its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,262 shares of the financial services provider's stock after acquiring an additional 15,295 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Old Second Bancorp worth $858,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Old Second Bancorp by 81.3% during the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 52,277 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Old Second Bancorp by 26.5% during the fourth quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider's stock valued at $600,000 after buying an additional 7,068 shares during the last quarter. Hunter Perkins Capital Management LLC increased its holdings in shares of Old Second Bancorp by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider's stock worth $979,000 after purchasing an additional 2,095 shares in the last quarter. R Squared Ltd bought a new stake in Old Second Bancorp in the 4th quarter worth about $96,000. Finally, River Street Advisors LLC purchased a new position in Old Second Bancorp in the 4th quarter worth about $3,363,000. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OSBC. Stephens dropped their price target 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. Keefe, Bruyette & Woods lowered 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. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $20.10.

Old Second Bancorp Stock Down 2.2%

OSBC stock opened at $16.65 on Thursday. The company has a market cap of $750.18 million, a price-to-earnings ratio of 8.90 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. The business's 50-day moving average is $16.04 and its two-hundred day moving average is $17.44. Old Second Bancorp, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $19.46.

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

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a dividend of $0.06 per share. The ex-dividend date 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 is currently 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.

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