Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,600 shares of the financial services provider's stock after selling 15,500 shares during the period. Two Sigma Advisers LP owned about 0.20% of Old Second Bancorp worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OSBC. Boothbay Fund Management LLC acquired a new position in Old Second Bancorp during the 4th quarter worth about $6,084,000. Millennium Management LLC lifted its position in shares of Old Second Bancorp by 452.4% during the fourth quarter. Millennium Management LLC now owns 308,223 shares of the financial services provider's stock worth $5,480,000 after purchasing an additional 252,430 shares in the last quarter. River Street Advisors LLC purchased a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $3,363,000. Nuveen Asset Management LLC grew its holdings in shares of 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 purchasing an additional 183,869 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Old Second Bancorp by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock worth $46,899,000 after buying an additional 181,783 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Up 1.5%

Shares of NASDAQ:OSBC traded up $0.24 during trading on Tuesday, hitting $16.71. 92,391 shares of the company were exchanged, compared to its average volume of 254,826. The firm's 50 day moving average price is $15.99 and its 200-day moving average price is $17.36. Old Second Bancorp, Inc. has a 12-month low of $13.38 and a 12-month high of $19.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $752.89 million, a P/E ratio of 8.94 and a beta of 0.78.

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). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. The business had revenue of $73.57 million during the quarter, compared to analysts' expectations of $60.00 million. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, April 25th. Old Second Bancorp's dividend payout ratio is presently 13.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSBC. Stephens decreased their price objective on 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. Keefe, Bruyette & Woods lowered 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. One 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, the company currently has a consensus rating of "Buy" and an average price target 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.