Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 15,685.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,836 shares of the financial services provider's stock after acquiring an additional 23,685 shares during the period. Sterling Capital Management LLC owned about 0.05% of Old Second Bancorp worth $424,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in OSBC. Quantbot Technologies LP raised its position in Old Second Bancorp by 20.2% in the fourth 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 period. Invesco Ltd. grew its position in Old Second Bancorp by 1.8% in the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider's stock valued at $1,385,000 after acquiring an additional 1,348 shares in the last quarter. New York State Common Retirement Fund increased its stake 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 worth $204,000 after purchasing an additional 1,500 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Old Second Bancorp by 10.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,364 shares of the financial services provider's stock worth $362,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its stake in shares of Old Second Bancorp by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider's stock valued at $979,000 after purchasing an additional 2,095 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OSBC has been the subject of several recent research reports. Stephens raised their price target 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 upped 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 note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Old Second Bancorp presently has a consensus rating of "Buy" and a consensus price target of $20.90.

Old Second Bancorp Stock Performance

Shares of NASDAQ OSBC traded down $0.03 during trading hours on Thursday, reaching $15.44. The stock had a trading volume of 70,283 shares, compared to its average volume of 251,458. The firm has a market cap of $695.30 million, a price-to-earnings ratio of 8.25 and a beta of 0.84. Old Second Bancorp, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $19.46. The firm has a 50-day moving average of $16.52 and a 200-day moving average of $17.39. 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 (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $73.57 million during the quarter, compared to analyst estimates of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. Equities research analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, April 25th. Old Second Bancorp's dividend payout ratio is currently 12.83%.

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.