LSV Asset Management Takes Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

LSV Asset Management purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,079 shares of the financial services provider's stock, valued at approximately $553,000. LSV Asset Management owned 0.07% of Old Second Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in Old Second Bancorp in the fourth quarter valued at $96,000. Quantbot Technologies LP boosted its stake in Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 1,264 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Old Second Bancorp during the 4th quarter worth approximately $162,000. New York State Common Retirement Fund raised its stake in shares of Old Second Bancorp by 15.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock worth $204,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of Old Second Bancorp in the fourth quarter valued at approximately $230,000. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

Shares of NASDAQ OSBC traded up $0.02 during mid-day trading on Friday, reaching $14.78. 211,995 shares of the company's stock were exchanged, compared to its average volume of 252,687. The firm has a 50-day moving average price of $16.74 and a two-hundred day moving average price of $17.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $665.79 million, a price-to-earnings ratio of 7.90 and a beta of 0.84. Old Second Bancorp, Inc. has a 52 week low of $13.26 and a 52 week 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 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Analysts predict that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, April 25th. Old Second Bancorp's dividend payout ratio (DPR) is 12.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OSBC shares. Keefe, Bruyette & Woods increased their price target on Old Second Bancorp from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Stephens increased their target price 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $20.90.

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.