2,984 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Bought by Criterion Capital Advisors LLC

Criterion Capital Advisors LLC acquired a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,984 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Old Second Bancorp by 83.8% in the first quarter. JPMorgan Chase & Co. now owns 133,693 shares of the financial services provider’s stock valued at $1,940,000 after purchasing an additional 60,965 shares during the last quarter. American Century Companies Inc. grew its holdings in Old Second Bancorp by 30.3% in the first quarter. American Century Companies Inc. now owns 144,154 shares of the financial services provider’s stock valued at $2,092,000 after purchasing an additional 33,500 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Old Second Bancorp by 54.2% in the first quarter. MetLife Investment Management LLC now owns 15,417 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 5,419 shares during the last quarter. BlackRock Inc. grew its holdings in Old Second Bancorp by 9.0% in the first quarter. BlackRock Inc. now owns 2,173,725 shares of the financial services provider’s stock valued at $31,541,000 after purchasing an additional 179,424 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Old Second Bancorp by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 952,947 shares of the financial services provider’s stock valued at $13,827,000 after purchasing an additional 62,934 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James raised 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. Stephens reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Old Second Bancorp in a research note on Friday.

Old Second Bancorp Price Performance

Shares of OSBC traded up $0.69 during trading hours on Friday, reaching $14.43. 232,046 shares of the company traded hands, compared to its average volume of 161,861. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $646.46 million, a PE ratio of 7.32 and a beta of 1.10. Old Second Bancorp, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $16.76. The stock has a fifty day simple moving average of $13.51 and a 200 day simple moving average of $14.18.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Old Second Bancorp had a return on equity of 16.78% and a net margin of 26.90%. The business had revenue of $83.83 million for the quarter, compared to analysts’ expectations of $69.50 million. As a group, research analysts predict that Old Second Bancorp, Inc. will post 1.88 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.20 annualized dividend and a yield of 1.39%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

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.