Tudor Investment Corp ET AL Acquires New Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Tudor Investment Corp ET AL bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 41,431 shares of the financial services provider's stock, valued at approximately $737,000. Tudor Investment Corp ET AL owned 0.09% of Old Second Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSBC. Quarry LP raised its stake in Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after buying an additional 974 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock worth $134,000 after acquiring an additional 1,264 shares in the last quarter. Invesco Ltd. lifted its stake in Old Second Bancorp by 1.8% during the fourth quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock worth $1,385,000 after purchasing an additional 1,348 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Old Second Bancorp by 15.1% in the fourth 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Old Second Bancorp by 10.6% in the fourth 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 and hedge funds.

Analysts Set New Price Targets

OSBC has been the subject of several recent analyst reports. Stephens reduced their price objective on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods cut 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 research note 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 company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $20.10.

Old Second Bancorp Stock Performance

Shares of OSBC stock traded up $0.10 during trading hours on Tuesday, hitting $17.19. The stock had a trading volume of 19,426 shares, compared to its average volume of 253,662. 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 capitalization of $774.36 million, a PE ratio of 9.19 and a beta of 0.78. The stock's 50 day moving average is $15.98 and its 200 day moving average is $17.44. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, April 25th. Old Second Bancorp's dividend payout ratio (DPR) is presently 13.11%.

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.