Two Sigma Investments LP Reduces Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Two Sigma Investments LP cut its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,343 shares of the financial services provider's stock after selling 18,843 shares during the period. Two Sigma Investments LP owned approximately 0.33% of Old Second Bancorp worth $2,638,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OSBC. Barclays PLC boosted its position in shares of Old Second Bancorp by 81.3% in the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock worth $1,817,000 after acquiring an additional 52,277 shares during the last quarter. River Street Advisors LLC acquired a new position in Old Second Bancorp during the fourth quarter valued at approximately $3,363,000. Centennial Wealth Advisory LLC lifted its position in Old Second Bancorp by 48.8% during the fourth quarter. Centennial Wealth Advisory LLC now owns 17,245 shares of the financial services provider's stock valued at $307,000 after buying an additional 5,658 shares in the last quarter. Empowered Funds LLC lifted its position in Old Second Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 121,017 shares of the financial services provider's stock valued at $2,152,000 after buying an additional 5,836 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Old Second Bancorp by 3.0% during the fourth quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider's stock valued at $1,272,000 after buying an additional 2,099 shares in the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stephens reduced their price target 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. 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. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Stock Up 1.5%

Shares of OSBC traded up $0.24 during mid-day trading on Tuesday, reaching $16.71. 92,391 shares of the stock traded hands, compared to its average volume of 254,826. The firm has a market cap of $752.89 million, a price-to-earnings ratio of 8.94 and a beta of 0.78. The stock has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $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 quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. Sell-side analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. Old Second Bancorp's dividend payout ratio is currently 13.11%.

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.