Jacobs Levy Equity Management Inc. Invests $268,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Jacobs Levy Equity Management Inc. bought a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,100 shares of the financial services provider's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in 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 buying an additional 52,277 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Old Second Bancorp by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider's stock valued at $628,000 after acquiring an additional 3,082 shares in the last quarter. SG Americas Securities LLC raised its position 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 worth $600,000 after purchasing an additional 7,068 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Old Second Bancorp by 31.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 168,934 shares of the financial services provider's stock worth $3,004,000 after purchasing an additional 40,542 shares during the last quarter. Finally, River Street Advisors LLC bought 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.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock traded down $0.11 during trading on Friday, hitting $16.41. 166,262 shares of the company's stock traded hands, compared to its average volume of 256,409. Old Second Bancorp, Inc. has a 1 year low of $13.38 and a 1 year high of $19.46. The business has a 50-day simple moving average of $16.03 and a 200-day simple moving average of $17.44. The stock has a market capitalization of $739.37 million, a P/E ratio of 8.78 and a beta of 0.78. 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 (NASDAQ:OSBC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (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 company had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were given 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 1.46%. Old Second Bancorp's dividend payout ratio (DPR) is 13.11%.

Wall Street Analyst Weigh In

OSBC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Stephens cut 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $20.10.

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.