The Manufacturers Life Insurance Company Decreases Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

The Manufacturers Life Insurance Company decreased its position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 946,938 shares of the financial services provider's stock after selling 16,223 shares during the quarter. The Manufacturers Life Insurance Company owned 2.11% of Old Second Bancorp worth $16,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in shares of Old Second Bancorp by 70.1% in the 4th quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 974 shares during the last quarter. R Squared Ltd bought a new stake in Old Second Bancorp in the fourth quarter valued at approximately $96,000. Quantbot Technologies LP boosted its stake in shares of Old Second Bancorp by 20.2% during the fourth 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 period. Aquatic Capital Management LLC grew its holdings in shares of 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 during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Old Second Bancorp in the fourth quarter worth $162,000. Hedge funds and other institutional investors own 67.76% of the company's stock.

Wall Street Analysts Forecast Growth

OSBC has been the topic of a number of recent analyst reports. Stephens cut 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 report on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $20.10.

Old Second Bancorp Stock Down 0.2 %

Shares of NASDAQ:OSBC traded down $0.03 during midday trading on Wednesday, reaching $16.36. The company's stock had a trading volume of 269,615 shares, compared to its average volume of 254,296. Old Second Bancorp, Inc. has a 12-month low of $13.27 and a 12-month high of $19.46. The firm has a market capitalization of $736.88 million, a P/E ratio of 8.75 and a beta of 0.78. The firm has a 50 day moving average of $16.07 and a 200-day moving average of $17.42. 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 released 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). The business had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp's payout ratio is 13.11%.

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.