Renaissance Technologies LLC Has $1.89 Million Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Renaissance Technologies LLC reduced its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,225 shares of the financial services provider's stock after selling 48,400 shares during the period. Renaissance Technologies LLC owned about 0.24% of Old Second Bancorp worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of OSBC. R Squared Ltd purchased a new position in Old Second Bancorp in the 4th quarter valued at $96,000. Quantbot Technologies LP increased 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 valued at $134,000 after buying an additional 1,264 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Old Second Bancorp during the fourth quarter worth approximately $162,000. New York State Common Retirement Fund lifted its holdings in shares of 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 valued at $204,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in Old Second Bancorp in the 4th quarter valued at $230,000. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC traded up $0.15 during mid-day trading on Thursday, hitting $15.94. 28,977 shares of the stock were exchanged, compared to its average volume of 252,312. The company has a market cap of $718.09 million, a P/E ratio of 8.52 and a beta of 0.84. 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, Inc. has a twelve month low of $13.27 and a twelve month high of $19.46. The stock's fifty day simple moving average is $16.22 and its two-hundred day simple moving average is $17.42.

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 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 company had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. As a group, analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, April 25th. Old Second Bancorp's dividend payout ratio is currently 13.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OSBC. Keefe, Bruyette & Woods cut their price objective on 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. Stephens reduced 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 report on Friday, April 25th. One 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target 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.