Millennium Management LLC Grows Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Millennium Management LLC boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 452.4% in the 4th quarter, according to its most recent filing with the SEC. 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 about 0.69% of Old Second Bancorp worth $5,480,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OSBC. Boothbay Fund Management LLC acquired a new stake in Old Second Bancorp in the 4th quarter valued at approximately $6,084,000. River Street Advisors LLC acquired a new stake in Old Second Bancorp in the 4th quarter valued at approximately $3,363,000. Vanguard Group Inc. increased its holdings in Old Second Bancorp by 7.4% in the 4th quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock valued at $46,899,000 after purchasing an additional 181,783 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Old Second Bancorp by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider's stock valued at $35,906,000 after purchasing an additional 134,455 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Old Second Bancorp by 50.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 372,120 shares of the financial services provider's stock worth $6,616,000 after acquiring an additional 124,336 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target 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 dropped their price target on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One equities 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 company's stock. According to data from MarketBeat.com, Old Second Bancorp has a consensus rating of "Buy" and an average price target of $20.10.

Old Second Bancorp Stock Down 0.4%

Shares of NASDAQ:OSBC traded down $0.07 during trading on Monday, hitting $16.47. The company's stock had a trading volume of 159,049 shares, compared to its average volume of 255,457. The company has a market capitalization of $742.07 million, a PE ratio of 8.81 and a beta of 0.78. The business has a 50 day moving average price of $15.99 and a two-hundred day moving average price of $17.36. Old Second Bancorp, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. As a group, research analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders 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 annualized dividend and a dividend yield of 1.46%. 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.