Two Sigma Investments LP lessened its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,343 shares of the financial services provider's stock after selling 18,843 shares during the period. Two Sigma Investments LP owned about 0.33% of Old Second Bancorp worth $2,638,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Barclays PLC grew its position in shares of Old Second Bancorp by 81.3% in the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after buying an additional 52,277 shares during the last quarter. River Street Advisors LLC purchased a new position in Old Second Bancorp in the fourth quarter worth $3,363,000. Centennial Wealth Advisory LLC lifted its holdings in Old Second Bancorp by 48.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 17,245 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 5,658 shares in the last quarter. Empowered Funds LLC increased its stake in Old Second Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 121,017 shares of the financial services provider's stock valued at $2,152,000 after purchasing an additional 5,836 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Old Second Bancorp by 3.0% in the 4th quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider's stock valued at $1,272,000 after purchasing an additional 2,099 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.
Old Second Bancorp Trading Down 1.9%
NASDAQ:OSBC traded down $0.31 during trading hours on Wednesday, hitting $16.36. 165,879 shares of the stock were exchanged, compared to its average volume of 255,739. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $737.12 million, a P/E ratio of 8.75 and a beta of 0.78. The company's 50 day moving average is $15.99 and its two-hundred day moving average is $17.35.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued 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 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 analyst estimates of $60.00 million. On average, sell-side analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.
Old Second Bancorp Announces Dividend
The company 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. This represents a $0.24 dividend on an annualized basis 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%.
Analyst Ratings Changes
A number of brokerages recently commented on OSBC. Keefe, Bruyette & Woods reduced their price target on 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 lowered their price target on 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Old Second Bancorp has an average rating of "Buy" and an average target price of $20.10.
Get Our Latest Analysis on Old Second Bancorp
About Old Second Bancorp
(
Free Report)
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.
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