Renaissance Technologies LLC lessened its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,225 shares of the financial services provider's stock after selling 48,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Old Second Bancorp worth $1,889,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSBC. River Street Advisors LLC acquired a new stake in shares of Old Second Bancorp during the 4th quarter valued at about $3,363,000. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock valued at $46,899,000 after buying an additional 181,783 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider's stock worth $17,174,000 after buying an additional 153,187 shares during the period. American Century Companies Inc. lifted its position in shares of Old Second Bancorp by 10.5% during the 4th quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock valued at $18,464,000 after buying an additional 98,617 shares in the last quarter. Finally, Barclays PLC grew its stake in Old Second Bancorp by 81.3% in the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider's stock valued at $1,817,000 after acquiring an additional 52,277 shares during the period. Hedge funds and other institutional investors own 67.76% of the company's stock.
Old Second Bancorp Price Performance
OSBC stock traded up $0.17 during mid-day trading on Tuesday, reaching $16.14. The company's stock had a trading volume of 140,313 shares, compared to its average volume of 252,501. The stock has a market cap of $727.06 million, a PE ratio of 8.63 and a beta of 0.84. The company's 50 day moving average is $16.33 and its two-hundred day moving average is $17.44. Old Second Bancorp, Inc. has a fifty-two week low of $13.27 and a fifty-two 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.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $73.57 million for the quarter, compared to analysts' expectations of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Equities research analysts expect 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. Investors of record on Friday, April 25th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, April 25th. Old Second Bancorp's dividend payout ratio is currently 13.11%.
Analyst Ratings Changes
Several research firms have issued reports on OSBC. Keefe, Bruyette & Woods decreased their price objective on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday. Stephens reduced their target price on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $20.10.
Read Our Latest Stock Analysis on Old Second Bancorp
Old Second Bancorp Company Profile
(
Free Report)
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.
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