Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora grew its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 300,025 shares of the financial services provider’s stock after acquiring an additional 2,793 shares during the period. Old Second Bancorp accounts for about 1.3% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 23rd biggest position. OLD Second National Bank of Aurora’s holdings in Old Second Bancorp were worth $4,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSBC. Vanguard Group Inc. grew its position in shares of Old Second Bancorp by 42.3% during the first quarter. Vanguard Group Inc. now owns 1,925,199 shares of the financial services provider’s stock worth $27,934,000 after buying an additional 572,257 shares in the last quarter. EJF Capital LLC grew its stake in Old Second Bancorp by 140.4% in the first quarter. EJF Capital LLC now owns 849,682 shares of the financial services provider’s stock worth $12,329,000 after purchasing an additional 496,218 shares in the last quarter. State Street Corp increased its holdings in Old Second Bancorp by 72.3% in the second quarter. State Street Corp now owns 1,001,589 shares of the financial services provider’s stock valued at $13,401,000 after buying an additional 420,215 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Old Second Bancorp by 201.6% during the second quarter. JPMorgan Chase & Co. now owns 403,226 shares of the financial services provider’s stock valued at $5,395,000 after buying an additional 269,533 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Old Second Bancorp by 81.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 454,054 shares of the financial services provider’s stock worth $5,930,000 after buying an additional 203,495 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, April 4th.

Old Second Bancorp Stock Performance

OSBC traded up $0.45 during trading on Thursday, reaching $13.89. 50,590 shares of the company were exchanged, compared to its average volume of 169,993. Old Second Bancorp, Inc. has a 52 week low of $10.79 and a 52 week high of $16.76. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $13.48 and a 200 day moving average of $14.17. The stock has a market cap of $622.27 million, a P/E ratio of 6.65 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.12). Old Second Bancorp had a return on equity of 17.52% and a net margin of 28.12%. The firm had revenue of $69.96 million for the quarter, compared to the consensus estimate of $72.87 million. On average, sell-side analysts forecast that Old Second Bancorp, Inc. will post 1.89 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is currently 9.90%.

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.