Two Sigma Advisers LP Sells 15,500 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Two Sigma Advisers LP trimmed 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 filing with the Securities and Exchange Commission (SEC). The fund owned 88,600 shares of the financial services provider's stock after selling 15,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.20% of Old Second Bancorp worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in Old Second Bancorp by 70.1% in 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 last quarter. R Squared Ltd acquired a new position in shares of Old Second Bancorp during the 4th quarter worth $96,000. Quantbot Technologies LP raised its holdings in shares of Old Second Bancorp by 20.2% during 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 in the last quarter. Aquatic Capital Management LLC lifted its stake in shares of 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 acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at $162,000. Institutional investors own 67.76% of the company's stock.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock traded down $0.31 during midday trading on Wednesday, hitting $16.36. The company had a trading volume of 165,879 shares, compared to its average volume of 255,739. Old Second Bancorp, Inc. has a 1-year low of $13.38 and a 1-year high of $19.46. The business's 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $17.35. The stock has a market cap of $737.12 million, a PE ratio of 8.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

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 (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. As a group, equities analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp's payout ratio is 13.11%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens lowered 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 research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their price target on 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 equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $20.10.

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.