PDT Partners LLC Invests $963,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

PDT Partners LLC purchased a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 54,135 shares of the financial services provider's stock, valued at approximately $963,000. PDT Partners LLC owned 0.12% of Old Second Bancorp at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP increased its stake in shares of Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 974 shares in the last quarter. Quantbot Technologies LP raised its holdings in Old Second Bancorp by 20.2% in the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock worth $134,000 after buying an additional 1,264 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Old Second Bancorp by 1.8% during the fourth quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock valued at $1,385,000 after buying an additional 1,348 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock worth $204,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Old Second Bancorp by 10.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,364 shares of the financial services provider's stock valued at $362,000 after purchasing an additional 1,955 shares during the last quarter. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Stock Performance

NASDAQ:OSBC traded up $0.13 on Monday, hitting $16.42. The stock had a trading volume of 152,832 shares, compared to its average volume of 253,679. The business's 50-day simple moving average is $16.14 and its two-hundred day simple moving average is $17.44. The stock has a market cap of $739.72 million, a price-to-earnings ratio of 8.78 and a beta of 0.84. Old Second Bancorp, Inc. has a 52-week low of $13.27 and a 52-week high of $19.46. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

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

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, April 25th. This represents a $0.24 annualized dividend and a yield of 1.46%. Old Second Bancorp's dividend payout ratio (DPR) is presently 13.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stephens lowered their price target on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Old Second Bancorp presently has an average rating of "Buy" and an average target price of $20.10.

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.