Raymond James Financial Inc. Invests $459,000 in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Raymond James Financial Inc. acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,800 shares of the financial services provider's stock, valued at approximately $459,000. Raymond James Financial Inc. owned 0.06% of Old Second Bancorp at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Old Second Bancorp by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock valued at $46,899,000 after acquiring an additional 181,783 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 valued at $17,174,000 after purchasing an additional 153,187 shares during the period. American Century Companies Inc. lifted its holdings in Old Second Bancorp by 10.5% in the fourth quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock worth $18,464,000 after buying an additional 98,617 shares during the period. Geode Capital Management LLC boosted its position in shares of Old Second Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,034,709 shares of the financial services provider's stock valued at $18,402,000 after purchasing an additional 5,224 shares in the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in shares of Old Second Bancorp by 6.6% in the 4th quarter. Stieven Capital Advisors L.P. now owns 410,808 shares of the financial services provider's stock worth $7,304,000 after buying an additional 25,400 shares during the period. Hedge funds and other institutional investors own 67.76% of the company's stock.

Old Second Bancorp Stock Down 0.7 %

NASDAQ:OSBC opened at $16.64 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $749.58 million, a PE ratio of 8.90 and a beta of 0.78. The company has a 50-day moving average of $15.98 and a 200 day moving average of $17.42. Old Second Bancorp, Inc. has a 1-year low of $13.38 and a 1-year high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $60.00 million. As a group, research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on OSBC. Stephens dropped their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One 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. Based on data from MarketBeat.com, Old Second Bancorp presently has an average rating of "Buy" and an average price target of $20.10.

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.

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