Forum Financial Management LP Has $4.34 Million Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Forum Financial Management LP lowered its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 80.2% during the 4th quarter, according to its most recent disclosure with the Securities and 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 about 0.54% of Old Second Bancorp worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP increased its stake in shares of 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 acquiring an additional 974 shares during the period. R Squared Ltd acquired a new position in Old Second Bancorp in the 4th quarter worth approximately $96,000. Quantbot Technologies LP boosted its stake 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 during the period. Aquatic Capital Management LLC boosted its stake 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 worth $141,000 after purchasing an additional 2,556 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Old Second Bancorp in the 4th quarter worth approximately $162,000. Institutional investors and hedge funds own 67.76% of the company's stock.

Wall Street Analyst Weigh In

OSBC has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased 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 note on Friday, April 25th. Stephens dropped their target price 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $20.10.

Old Second Bancorp Price Performance

NASDAQ:OSBC traded down $0.20 during mid-day trading on Wednesday, hitting $16.58. The company's stock had a trading volume of 183,123 shares, compared to its average volume of 255,729. 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 current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $747.03 million, a price-to-earnings ratio of 8.87 and a beta of 0.78. The stock has a fifty day moving average of $16.02 and a 200-day moving average of $17.42.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share 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 firm had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, equities analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were paid 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 1.45%. Old Second Bancorp's dividend payout ratio (DPR) is currently 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.