American Century Companies Inc. Acquires 98,617 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

American Century Companies Inc. boosted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,038,495 shares of the financial services provider's stock after buying an additional 98,617 shares during the quarter. American Century Companies Inc. owned about 2.32% of Old Second Bancorp worth $18,464,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Old Second Bancorp during the 4th quarter worth about $96,000. Quantbot Technologies LP lifted its holdings in Old Second Bancorp by 134.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider's stock worth $98,000 after purchasing an additional 3,587 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Old Second Bancorp during the third quarter worth approximately $101,000. Intech Investment Management LLC acquired a new position in Old Second Bancorp during the third quarter valued at approximately $158,000. Finally, Paloma Partners Management Co bought a new position in shares of Old Second Bancorp in the third quarter valued at approximately $204,000. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Stock Performance

NASDAQ:OSBC traded down $0.49 during trading hours on Friday, hitting $14.79. 310,016 shares of the company traded hands, compared to its average volume of 250,306. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp, Inc. has a twelve month low of $13.20 and a twelve month high of $19.46. The firm has a 50-day moving average of $17.74 and a 200 day moving average of $17.50. The stock has a market capitalization of $666.25 million, a price-to-earnings ratio of 7.91 and a beta of 1.04.

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Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp's payout ratio is presently 12.83%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OSBC. Raymond James raised shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Old Second Bancorp from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Stephens raised their price target on Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $20.90.

Old Second Bancorp Company Profile

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.