Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 476.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,496 shares of the financial services provider's stock after buying an additional 130,158 shares during the quarter. Assenagon Asset Management S.A. owned 0.35% of Old Second Bancorp worth $2,432,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Old Second Bancorp in the 3rd quarter worth $34,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Old Second Bancorp by 86.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Old Second Bancorp during the 2nd quarter worth $48,000. Tower Research Capital LLC TRC lifted its stake in shares of Old Second Bancorp by 281.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider's stock worth $105,000 after purchasing an additional 5,925 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Old Second Bancorp during the 4th quarter worth $149,000. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James upgraded Old Second Bancorp from an "outperform" rating to a "strong-buy" rating and set a $17.00 price objective for the company in a research note on Thursday.

Old Second Bancorp Stock Up 1.9 %

Shares of NASDAQ OSBC traded up $0.25 during mid-day trading on Thursday, reaching $13.55. 235,361 shares of the company were exchanged, compared to its average volume of 174,347. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market cap of $607.05 million, a price-to-earnings ratio of 6.71 and a beta of 1.10. Old Second Bancorp, Inc. has a 1 year low of $10.79 and a 1 year high of $16.76. The firm has a 50-day moving average of $13.52 and a 200 day moving average of $14.17.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). Old Second Bancorp had a net margin of 28.12% and a return on equity of 17.52%. The business had revenue of $69.96 million for the quarter, compared to analyst estimates of $72.87 million. On average, research analysts expect that Old Second Bancorp, Inc. will post 1.89 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 26th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.48%. The ex-dividend date was Thursday, January 25th. Old Second Bancorp's dividend payout ratio is currently 9.90%.

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.