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

Tudor Investment Corp ET AL acquired a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,431 shares of the financial services provider's stock, valued at approximately $737,000. Tudor Investment Corp ET AL owned approximately 0.09% of Old Second Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSBC. Boothbay Fund Management LLC bought a new stake in Old Second Bancorp during the 4th quarter worth $6,084,000. River Street Advisors LLC bought a new stake in shares of Old Second Bancorp during the fourth quarter worth about $3,363,000. Vanguard Group Inc. grew its holdings in shares of Old Second Bancorp by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock worth $46,899,000 after purchasing an additional 181,783 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Old Second Bancorp by 16.2% in the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock valued at $17,174,000 after buying an additional 153,187 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Old Second Bancorp by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider's stock valued at $35,906,000 after buying an additional 134,455 shares during the last quarter. Institutional investors own 67.76% of the company's stock.

Analyst Ratings Changes

OSBC has been the subject of several recent research reports. Stephens decreased their price target 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 decreased their price objective on 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 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's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $20.10.

Old Second Bancorp Trading Down 0.7 %

Shares of Old Second Bancorp stock traded down $0.12 on Friday, hitting $16.64. 258,701 shares of the company's stock traded hands, compared to its average volume of 254,847. The company has a fifty day moving average of $15.98 and a two-hundred day moving average of $17.42. Old Second Bancorp, Inc. has a one year low of $13.38 and a one year high of $19.46. The company has a market capitalization of $749.58 million, a price-to-earnings ratio of 8.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick 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 (EPS) 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 company had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis 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 is currently 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.