Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 122.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,601 shares of the financial services provider's stock after buying an additional 22,329 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Old Second Bancorp worth $722,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. New York State Common Retirement Fund raised its position in Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock valued at $204,000 after purchasing an additional 1,500 shares in the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Old Second Bancorp by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider's stock worth $979,000 after buying an additional 2,095 shares during the period. Rhumbline Advisers raised its holdings in Old Second Bancorp by 3.0% in the fourth quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider's stock valued at $1,272,000 after acquiring an additional 2,099 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Old Second Bancorp by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider's stock worth $628,000 after acquiring an additional 3,082 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider's stock worth $98,000 after acquiring an additional 3,587 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

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Old Second Bancorp Stock Performance

OSBC stock traded up $0.02 during trading on Wednesday, hitting $16.93. The company had a trading volume of 197,845 shares, compared to its average volume of 234,276. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $17.52. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market cap of $762.65 million, a PE ratio of 9.05 and a beta of 1.04. Old Second Bancorp, Inc. has a 1-year low of $13.20 and a 1-year high of $19.46.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) 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 expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, January 31st. Old Second Bancorp's dividend payout ratio (DPR) is 12.83%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Keefe, Bruyette & Woods raised their price target on Old Second Bancorp from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Raymond James raised Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.