Northern Trust Corp Reduces Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Northern Trust Corp trimmed its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 447,145 shares of the financial services provider's stock after selling 15,767 shares during the quarter. Northern Trust Corp owned about 1.00% of Old Second Bancorp worth $7,950,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OSBC. Tudor Investment Corp ET AL purchased a new stake in shares of Old Second Bancorp during the 4th quarter valued at approximately $737,000. Quarry LP raised its position 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 purchasing an additional 974 shares during the period. Aquatic Capital Management LLC raised its position 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 purchasing an additional 2,556 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Old Second Bancorp in the 4th quarter valued at $6,084,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Old Second Bancorp during the 4th quarter worth $1,244,000. Hedge funds and other institutional investors own 67.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OSBC shares. Stephens reduced 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 report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. One investment 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Trading Down 0.7%

NASDAQ OSBC traded down $0.11 during trading on Friday, hitting $16.41. The stock had a trading volume of 166,262 shares, compared to its average volume of 256,409. 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 capitalization of $739.37 million, a PE ratio of 8.78 and a beta of 0.78. The firm has a 50 day moving average price of $16.03 and a 200 day moving average price of $17.44. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $60.00 million. As a group, equities research analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. Old Second Bancorp's dividend payout ratio (DPR) is 13.11%.

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.