Old Second Bancorp, Inc. (NASDAQ:OSBC) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 26.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,821 shares of the financial services provider's stock after selling 14,388 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Old Second Bancorp worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Old Second Bancorp by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider's stock worth $441,000 after purchasing an additional 843 shares during the period. Quarry LP grew its stake in shares of Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock worth $42,000 after purchasing an additional 974 shares during the last quarter. Quantbot Technologies LP raised its holdings 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 stake in Old Second Bancorp by 1.8% in the fourth 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 during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Old Second Bancorp by 6.4% in the 4th quarter. Squarepoint Ops LLC now owns 22,703 shares of the financial services provider's stock worth $404,000 after buying an additional 1,363 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Stock Up 0.2%

OSBC stock traded up $0.04 during mid-day trading on Friday, reaching $18.65. The company had a trading volume of 195,055 shares, compared to its average volume of 251,970. The firm has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $17.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $840.37 million, a price-to-earnings ratio of 10.19 and a beta of 0.81. Old Second Bancorp, Inc. has a fifty-two week low of $14.14 and a fifty-two week high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $73.57 million during the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. Analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 25th will be given a dividend of $0.06 per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 25th. Old Second Bancorp's payout ratio is currently 13.11%.

Analysts Set New Price Targets

OSBC has been the subject of several analyst 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 report on Friday, April 25th. Keefe, Bruyette & Woods lowered their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised Old Second Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $24.50 price objective (up previously from $22.00) on shares of Old Second Bancorp in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.50.

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.