MSH Capital Advisors LLC Buys New Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

MSH Capital Advisors LLC bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,826 shares of the financial services provider's stock, valued at approximately $1,508,000. MSH Capital Advisors LLC owned approximately 0.19% of Old Second Bancorp at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Old Second Bancorp in the fourth quarter valued at approximately $96,000. Quantbot Technologies LP raised its stake in Old Second Bancorp by 20.2% during the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock worth $134,000 after buying an additional 1,264 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Old Second Bancorp in the fourth quarter valued at $162,000. New York State Common Retirement Fund boosted its position in Old Second Bancorp by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 1,500 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Old Second Bancorp in the 4th quarter worth about $214,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Trading Up 0.1 %

Shares of NASDAQ:OSBC traded up $0.02 on Friday, reaching $14.78. 211,995 shares of the company traded hands, compared to its average volume of 252,604. The stock has a market capitalization of $665.79 million, a P/E 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. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $16.74 and its 200 day simple moving average is $17.39.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its earnings results 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%. As a group, equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stephens boosted their target price on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods boosted their target price 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target 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.