Millennium Management LLC Acquires 252,430 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Millennium Management LLC lifted its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 452.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,223 shares of the financial services provider's stock after purchasing an additional 252,430 shares during the period. Millennium Management LLC owned 0.69% of Old Second Bancorp worth $5,480,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP grew its holdings in Old Second Bancorp by 70.1% during 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 last quarter. R Squared Ltd acquired a new position in Old Second Bancorp in the 4th quarter valued at $96,000. Quantbot Technologies LP raised its holdings in Old Second Bancorp by 20.2% in 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. Aquatic Capital Management LLC lifted its position in Old Second Bancorp by 47.3% during the 4th quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock worth $141,000 after acquiring an additional 2,556 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Old Second Bancorp during the fourth quarter valued at about $162,000. 67.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OSBC has been the topic of a number of recent analyst reports. Stephens dropped their price objective on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on 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 equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Stock Performance

Shares of OSBC traded down $0.08 during trading hours on Friday, reaching $16.67. 229,269 shares of the company traded hands, compared to its average volume of 255,798. 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 stock's fifty day moving average is $16.01 and its 200 day moving average is $17.40. Old Second Bancorp, Inc. has a 1-year low of $13.38 and a 1-year high of $19.46. The stock has a market cap of $751.08 million, a P/E ratio of 8.91 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted 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 firm had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. Equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were given a $0.06 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.24 annualized dividend and a yield of 1.44%. Old Second Bancorp's dividend payout ratio (DPR) is currently 13.11%.

Old Second Bancorp 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.