Nuveen Asset Management LLC Raises Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Nuveen Asset Management LLC increased its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 188.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,572 shares of the financial services provider's stock after purchasing an additional 183,869 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.63% of Old Second Bancorp worth $5,006,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 grew its position in Old Second Bancorp by 70.1% in the 4th quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock worth $42,000 after purchasing an additional 974 shares in the last quarter. Quantbot Technologies LP grew its position 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 purchasing an additional 1,264 shares in the last quarter. Invesco Ltd. grew its position in Old Second Bancorp by 1.8% in the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock worth $1,385,000 after purchasing an additional 1,348 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Old Second Bancorp by 15.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 67.76% of the company's stock.

Old Second Bancorp Price Performance

NASDAQ OSBC traded up $0.27 on Tuesday, hitting $16.74. The stock had a trading volume of 87,657 shares, compared to its average volume of 254,803. Old Second Bancorp, Inc. has a 52-week low of $13.38 and a 52-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. The company has a market capitalization of $754.24 million, a price-to-earnings ratio of 8.95 and a beta of 0.78. The firm has a 50-day moving average of $15.99 and a 200-day moving average of $17.36.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The company had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Equities analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

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. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp's dividend payout ratio is presently 13.11%.

Analyst Upgrades and Downgrades

OSBC has been the subject of a number of research reports. Stephens reduced their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $20.10.

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.