JPMorgan Chase & Co. Decreases Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

JPMorgan Chase & Co. reduced its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,069,390 shares of the financial services provider's stock after selling 32,244 shares during the period. JPMorgan Chase & Co. owned approximately 2.38% of Old Second Bancorp worth $19,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSBC. R Squared Ltd acquired a new position in shares of Old Second Bancorp during the 4th quarter valued at about $96,000. Quantbot Technologies LP boosted 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 valued at $134,000 after purchasing an additional 1,264 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Old Second Bancorp in the 4th quarter valued at approximately $162,000. New York State Common Retirement Fund increased its holdings in shares of Old Second Bancorp by 15.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock worth $204,000 after buying an additional 1,500 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Old Second Bancorp during the 4th quarter valued at approximately $230,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OSBC shares. Keefe, Bruyette & Woods raised their target price on Old Second Bancorp from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Stephens boosted their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Raymond James raised shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $20.90.

Old Second Bancorp Trading Down 1.2 %

NASDAQ:OSBC traded down $0.18 on Wednesday, reaching $14.60. 8,709 shares of the company's stock were exchanged, compared to its average volume of 252,135. The firm has a market capitalization of $657.78 million, a price-to-earnings ratio of 7.82 and a beta of 0.84. Old Second Bancorp, Inc. has a 52-week low of $13.20 and a 52-week 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 business has a fifty day moving average of $17.00 and a 200-day moving average of $17.42.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp's dividend payout ratio is presently 12.83%.

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.