Vanguard Group Inc. Raises Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Vanguard Group Inc. grew its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,637,718 shares of the financial services provider's stock after acquiring an additional 181,783 shares during the period. Vanguard Group Inc. owned about 5.88% of Old Second Bancorp worth $46,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in Old Second Bancorp by 6.5% during the third quarter. State Street Corp now owns 1,264,359 shares of the financial services provider's stock worth $19,711,000 after buying an additional 77,143 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Old Second Bancorp by 16.2% in the 3rd 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 period. American Century Companies Inc. boosted its position in Old Second Bancorp by 10.5% during the fourth quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock worth $18,464,000 after purchasing an additional 98,617 shares in the last quarter. Geode Capital Management LLC grew its holdings in Old Second Bancorp by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider's stock valued at $16,053,000 after purchasing an additional 22,747 shares during the period. Finally, Stieven Capital Advisors L.P. increased its position in shares of Old Second Bancorp by 6.6% in the fourth quarter. Stieven Capital Advisors L.P. now owns 410,808 shares of the financial services provider's stock valued at $7,304,000 after buying an additional 25,400 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company's stock.

Old Second Bancorp Stock Down 0.2 %

NASDAQ:OSBC traded down $0.03 during midday trading on Thursday, hitting $14.74. 52,754 shares of the company were exchanged, compared to its average volume of 234,495. Old Second Bancorp, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $19.46. The company has a market capitalization of $663.77 million, a PE ratio of 7.85 and a beta of 0.84. 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 company has a fifty day simple moving average of $16.91 and a 200 day simple moving average of $17.40.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly 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 net margin of 24.95% and a return on equity of 13.73%. As a group, equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp's dividend payout ratio (DPR) is presently 12.83%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OSBC. Keefe, Bruyette & Woods upped their price target on shares of Old Second Bancorp from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Stephens increased their price objective on Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Raymond James raised shares of 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.