PDT Partners LLC Acquires New Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP grew its stake in Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock worth $42,000 after buying an additional 974 shares during the last quarter. R Squared Ltd bought a new position in Old Second Bancorp in the 4th quarter valued at $96,000. Quantbot Technologies LP raised its position in Old Second Bancorp by 20.2% in the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 1,264 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock worth $141,000 after purchasing an additional 2,556 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Old Second Bancorp during the fourth quarter worth $162,000. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Trading Down 0.4 %

NASDAQ:OSBC traded down $0.06 during mid-day trading on Tuesday, hitting $16.35. The company had a trading volume of 40,840 shares, compared to its average volume of 253,155. The firm has a market cap of $736.34 million, a P/E ratio of 8.76 and a beta of 0.78. Old Second Bancorp, Inc. has a fifty-two week low of $13.27 and a fifty-two week high of $19.46. The business's fifty day moving average is $16.11 and its two-hundred day moving average is $17.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released 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 firm had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, research analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a yield of 1.47%. Old Second Bancorp's dividend payout ratio is presently 13.11%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OSBC shares. Stephens reduced their price target on shares of 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 lowered their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Old Second Bancorp has a consensus rating of "Buy" and a consensus price target of $20.10.

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.