StockNews.com Begins Coverage on Old Second Bancorp (NASDAQ:OSBC)

StockNews.com began coverage on shares of Old Second Bancorp (NASDAQ:OSBC – Get Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, DA Davidson reiterated a buy rating on shares of Old Second Bancorp in a research note on Wednesday, December 21st.

Old Second Bancorp Stock Performance

Shares of NASDAQ:OSBC opened at $14.25 on Thursday. The business’s 50-day simple moving average is $16.30 and its 200 day simple moving average is $15.73. The company has a market cap of $636.55 million, a P/E ratio of 9.56 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.75 and a current ratio of 0.75. Old Second Bancorp has a one year low of $12.91 and a one year high of $17.80.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 6th. Shareholders of record on Friday, January 27th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, January 26th. This represents a $0.20 annualized dividend and a yield of 1.40%. Old Second Bancorp’s dividend payout ratio is presently 13.42%.

Hedge Funds Weigh In On Old Second Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new stake in shares of Old Second Bancorp in the fourth quarter worth $31,000. Quadrant Capital Group LLC raised its stake in shares of Old Second Bancorp by 382.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,980 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,570 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Old Second Bancorp during the second quarter worth about $48,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Old Second Bancorp by 93.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,973 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Old Second Bancorp by 281.1% in the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock valued at $105,000 after buying an additional 5,925 shares during the last quarter. 65.85% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Company Profile

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Old Second Bancorp, Inc is a bank holding company. It engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The firm operates through the community banking segment.