Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,934 shares of the financial services provider's stock after purchasing an additional 40,542 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.38% of Old Second Bancorp worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Old Second Bancorp by 16.2% during the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock worth $17,174,000 after purchasing an additional 153,187 shares during the last quarter. State Street Corp grew its holdings in Old Second Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider's stock valued at $19,711,000 after buying an additional 77,143 shares during the period. Jane Street Group LLC grew its holdings in Old Second Bancorp by 25.8% in the 3rd quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider's stock valued at $973,000 after buying an additional 12,785 shares during the period. Barclays PLC increased its stake in shares of Old Second Bancorp by 81.3% during the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 52,277 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider's stock worth $16,053,000 after acquiring an additional 22,747 shares during the period. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Up 1.8 %

Shares of OSBC stock traded up $0.26 during trading hours on Tuesday, reaching $14.83. The company had a trading volume of 61,431 shares, compared to its average volume of 251,498. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. Old Second Bancorp, Inc. has a twelve month low of $13.20 and a twelve month high of $19.46. The stock's fifty day simple moving average is $17.09 and its 200 day simple moving average is $17.44. The company has a market capitalization of $668.09 million, a P/E ratio of 7.93 and a beta of 0.84.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced 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%. As a group, sell-side analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were given a $0.06 dividend. 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 currently 12.83%.

Analysts Set New Price Targets

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

Old Second Bancorp 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.