Old Second Bancorp, Inc. (NASDAQ:OSBC) Stock Position Cut by FJ Capital Management LLC

FJ Capital Management LLC lessened its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 4.0% in the 4th quarter, according to its most recent 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 quarter. Old Second Bancorp comprises 3.7% of FJ Capital Management LLC's portfolio, making the stock its 5th biggest holding. FJ Capital Management LLC owned approximately 4.00% of Old Second Bancorp worth $31,926,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Old Second Bancorp by 81.3% during the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock worth $1,817,000 after purchasing an additional 52,277 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock worth $17,174,000 after acquiring an additional 153,187 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Old Second Bancorp by 26.5% during the 4th 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 period. Hunter Perkins Capital Management LLC grew its position in Old Second Bancorp by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider's stock valued at $979,000 after acquiring an additional 2,095 shares during the last quarter. Finally, R Squared Ltd bought a new position in Old Second Bancorp in the 4th quarter valued at $96,000. Institutional investors own 67.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of 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. Stephens lowered their target price on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $20.10.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded down $0.07 during trading hours on Wednesday, hitting $17.12. 58,436 shares of the stock traded hands, compared to its average volume of 253,886. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. Old Second Bancorp, Inc. has a 1 year low of $13.38 and a 1 year high of $19.46. The stock has a market capitalization of $771.20 million, a price-to-earnings ratio of 9.16 and a beta of 0.78. The firm's 50 day moving average price is $15.98 and its 200-day moving average price is $17.43.

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

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were paid a $0.06 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. Old Second Bancorp's 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.