Russell Investments Group Ltd. Has $2.30 Million Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Russell Investments Group Ltd. trimmed its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,758 shares of the financial services provider's stock after selling 62,686 shares during the period. Russell Investments Group Ltd. owned approximately 0.33% of Old Second Bancorp worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Old Second Bancorp by 122.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,799 shares of the financial services provider's stock worth $5,019,000 after buying an additional 202,981 shares during the period. Knights of Columbus Asset Advisors LLC raised its stake in shares of Old Second Bancorp by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 325,719 shares of the financial services provider's stock valued at $5,029,000 after acquiring an additional 158,300 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Old Second Bancorp by 476.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 157,496 shares of the financial services provider's stock valued at $2,432,000 after purchasing an additional 130,158 shares during the period. Eagle Asset Management Inc. purchased a new position in Old Second Bancorp in the third quarter valued at $1,564,000. Finally, Great Lakes Advisors LLC grew its stake in Old Second Bancorp by 148.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 172,342 shares of the financial services provider's stock worth $2,346,000 after purchasing an additional 103,002 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman Gary S. Collins sold 21,002 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $14.23, for a total value of $298,858.46. Following the completion of the transaction, the insider now owns 46,624 shares of the company's stock, valued at $663,459.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Vice Chairman Gary S. Collins sold 21,002 shares of the business's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $14.23, for a total transaction of $298,858.46. Following the completion of the sale, the insider now owns 46,624 shares in the company, valued at approximately $663,459.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Gary S. Collins sold 3,000 shares of Old Second Bancorp stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total transaction of $43,440.00. Following the transaction, the insider now directly owns 89,893 shares in the company, valued at $1,301,650.64. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSBC. 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, April 4th. Stephens reiterated an "overweight" rating and issued a $17.00 price target on shares of Old Second Bancorp in a research note on Friday, April 19th.

Old Second Bancorp Stock Up 1.6 %

OSBC stock traded up $0.24 during trading on Wednesday, hitting $14.81. 198,293 shares of the company's stock were exchanged, compared to its average volume of 180,720. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. Old Second Bancorp, Inc. has a 52-week low of $11.18 and a 52-week high of $16.76. The business has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $14.27. The stock has a market capitalization of $664.23 million, a price-to-earnings ratio of 7.52 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.36%. The firm had revenue of $83.83 million during the quarter, compared to analyst estimates of $69.50 million. As a group, equities research analysts expect that Old Second Bancorp, Inc. will post 1.91 EPS for the current year.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Friday, April 26th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was 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.