Knights of Columbus Asset Advisors LLC Increases Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Knights of Columbus Asset Advisors LLC lifted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,719 shares of the financial services provider's stock after acquiring an additional 158,300 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.73% of Old Second Bancorp worth $5,029,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OSBC. Quantbot Technologies LP purchased a new position in Old Second Bancorp during the 3rd quarter worth $34,000. Allspring Global Investments Holdings LLC grew its stake in 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 buying an additional 1,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Old Second Bancorp during the 2nd quarter worth $48,000. Tower Research Capital LLC TRC grew its stake in 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 buying an additional 5,925 shares during the last quarter. Finally, UBS Group AG grew its stake in Old Second Bancorp by 140.8% during the 2nd quarter. UBS Group AG now owns 11,068 shares of the financial services provider's stock worth $148,000 after buying an additional 6,471 shares during the last quarter. 67.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on OSBC. Raymond James upgraded Old Second Bancorp from an "outperform" rating to a "strong-buy" rating and set a $17.00 target price on the stock in a research note on Thursday, April 4th. Stephens reiterated an "overweight" rating and set a $17.00 price target on shares of Old Second Bancorp in a research note on Friday.

Old Second Bancorp Stock Performance

Shares of OSBC stock traded up $0.69 during mid-day trading on Friday, reaching $14.43. The stock had a trading volume of 232,046 shares, compared to its average volume of 161,861. The business's fifty day moving average is $13.51 and its 200-day moving average is $14.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market cap of $646.46 million, a price-to-earnings ratio of 7.32 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.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The firm had revenue of $83.83 million during the quarter, compared to analyst estimates of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. On average, research analysts forecast that Old Second Bancorp, Inc. will post 1.89 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 25th. Old Second Bancorp's dividend payout ratio (DPR) is 10.15%.

About Old Second Bancorp

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.