Hudson Edge Investment Partners Inc. Increases Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hudson Edge Investment Partners Inc. lifted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 40.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,834 shares of the financial services provider's stock after purchasing an additional 17,201 shares during the period. Hudson Edge Investment Partners Inc. owned about 0.13% of Old Second Bancorp worth $996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Old Second Bancorp by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 843 shares during the period. Quarry LP lifted its position in shares of 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 buying an additional 974 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of 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. Invesco Ltd. grew its stake in shares of Old Second Bancorp by 1.8% during the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock worth $1,385,000 after acquiring an additional 1,348 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Old Second Bancorp by 6.4% in the 4th quarter. Squarepoint Ops LLC now owns 22,703 shares of the financial services provider's stock worth $404,000 after acquiring an additional 1,363 shares during the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped 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 report on Friday, April 25th. Piper Sandler restated an "overweight" rating and set a $24.50 price target (up from $22.00) on shares of Old Second Bancorp in a research note on Wednesday. Wall Street Zen lowered shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Finally, Stephens lowered their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

Old Second Bancorp Trading Up 3.1%

Shares of OSBC opened at $18.90 on Thursday. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $19.46. The stock has a market cap of $851.63 million, a PE ratio of 10.33 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $16.79 and its 200-day moving average price is $17.15.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%. The firm had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. On average, equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, April 25th. Old Second Bancorp's dividend 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.

Want to see what other hedge funds are holding OSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.