FJ Capital Management LLC Trims Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

FJ Capital Management LLC reduced its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,795,612 shares of the financial services provider's stock after selling 75,376 shares during the period. Old Second Bancorp makes up approximately 3.7% of FJ Capital Management LLC's investment portfolio, making the stock its 5th biggest position. FJ Capital Management LLC owned 4.00% of Old Second Bancorp worth $31,926,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock valued at $17,174,000 after acquiring an additional 153,187 shares during the last quarter. Barclays PLC grew its position in Old Second Bancorp by 81.3% in the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 52,277 shares during the last quarter. Principal Financial Group Inc. grew its position in Old Second Bancorp by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider's stock valued at $628,000 after acquiring an additional 3,082 shares during the last quarter. SG Americas Securities LLC grew its position in Old Second Bancorp by 26.5% in the fourth quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider's stock valued at $600,000 after acquiring an additional 7,068 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Old Second Bancorp by 31.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 168,934 shares of the financial services provider's stock valued at $3,004,000 after acquiring an additional 40,542 shares during the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stephens decreased their target price on 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. Keefe, Bruyette & Woods decreased their target price on 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Trading Down 0.7%

Shares of NASDAQ:OSBC traded down $0.12 during midday trading on Friday, hitting $16.64. 258,701 shares of the stock were exchanged, compared to its average volume of 254,847. The stock has a market capitalization of $749.58 million, a price-to-earnings ratio of 8.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The business's 50-day moving average price is $15.98 and its 200 day moving average price is $17.43. Old Second Bancorp, Inc. has a 12 month low of $13.38 and a 12 month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. The business had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. Old Second Bancorp's dividend payout ratio is 13.11%.

Old Second Bancorp 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.