Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Sold by Forum Financial Management LP

Forum Financial Management LP decreased its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 80.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,837 shares of the financial services provider's stock after selling 990,376 shares during the quarter. Forum Financial Management LP owned approximately 0.54% of Old Second Bancorp worth $4,335,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP boosted its holdings in shares of Old Second Bancorp by 70.1% in the 4th quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after buying an additional 974 shares in the last quarter. R Squared Ltd purchased a new stake in Old Second Bancorp in the 4th quarter valued at $96,000. Quantbot Technologies LP raised 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 valued at $134,000 after purchasing an additional 1,264 shares during the last quarter. Aquatic Capital Management LLC raised its position in Old Second Bancorp by 47.3% in the 4th 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Old Second Bancorp in the 4th quarter valued at $162,000. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Trading Up 0.6%

Shares of Old Second Bancorp stock traded up $0.10 during mid-day trading on Thursday, hitting $16.68. 62,696 shares of the stock were exchanged, compared to its average volume of 255,386. The company has a 50-day simple moving average of $16.01 and a 200 day simple moving average of $17.41. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46. The stock has a market capitalization of $751.31 million, a price-to-earnings ratio of 8.90 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released 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 return on equity of 13.73% and a net margin of 24.95%. The company had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. Research analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued 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 payout ratio is 13.11%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Keefe, Bruyette & Woods reduced 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 report on Friday, April 25th. Stephens cut their price objective 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Old Second Bancorp has an average rating of "Buy" and a consensus target price of $20.10.

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.