Old Second Bancorp, Inc. (NASDAQ:OSBC) Holdings Raised by River Street Advisors LLC

River Street Advisors LLC increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,611 shares of the financial services provider's stock after purchasing an additional 103,462 shares during the period. Old Second Bancorp makes up 2.4% of River Street Advisors LLC's holdings, making the stock its 10th biggest position. River Street Advisors LLC owned approximately 0.65% of Old Second Bancorp worth $4,869,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Old Second Bancorp by 3.5% in 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 buying an additional 843 shares in the last quarter. Bank of America Corp DE increased its holdings in Old Second Bancorp by 44.2% in the fourth quarter. Bank of America Corp DE now owns 236,062 shares of the financial services provider's stock valued at $4,197,000 after buying an additional 72,398 shares in the last quarter. SG Americas Securities LLC increased its holdings in Old Second Bancorp by 31.2% in the first quarter. SG Americas Securities LLC now owns 44,275 shares of the financial services provider's stock valued at $737,000 after buying an additional 10,517 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Old Second Bancorp by 188.2% in the fourth quarter. Nuveen Asset Management LLC now owns 281,572 shares of the financial services provider's stock valued at $5,006,000 after buying an additional 183,869 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Old Second Bancorp by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider's stock valued at $628,000 after buying an additional 3,082 shares in the last quarter. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Price Performance

OSBC traded up $0.48 on Monday, reaching $17.19. 163,585 shares of the company's stock were exchanged, compared to its average volume of 257,076. The stock has a market cap of $774.58 million, a PE ratio of 9.39 and a beta of 0.81. Old Second Bancorp, Inc. has a twelve month low of $13.80 and a twelve month high of $19.46. The stock's fifty day moving average price is $16.38 and its 200-day moving average price is $17.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $60.00 million. Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%. Sell-side 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. Investors 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 dividend on an annualized basis and a yield of 1.40%. Old Second Bancorp's payout ratio is presently 13.11%.

Analysts Set New Price Targets

OSBC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Stephens cut 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 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $20.10.

About Old Second Bancorp

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.