Short Interest in Old Second Bancorp, Inc. (NASDAQ:OSBC) Declines By 40.9%

Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 304,800 shares, a decline of 40.9% from the January 15th total of 515,700 shares. Based on an average daily volume of 262,200 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stephens restated an "overweight" rating and issued a $21.00 price objective on shares of Old Second Bancorp in a report on Thursday, January 23rd. Raymond James raised shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th.

Old Second Bancorp Stock Down 0.3 %

Shares of NASDAQ OSBC traded down $0.06 on Monday, hitting $18.80. The company had a trading volume of 102,893 shares, compared to its average volume of 258,920. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp has a 12-month low of $13.00 and a 12-month high of $19.46. The firm has a market capitalization of $843.18 million, a P/E ratio of 10.05 and a beta of 1.07. The business has a 50 day moving average of $18.29 and a two-hundred day moving average of $17.26.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts forecast that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, January 31st. Old Second Bancorp's dividend payout ratio (DPR) is 12.83%.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, with a total value of $100,068.75. Following the purchase, the director now owns 18,679 shares in the company, valued at approximately $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Old Second Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider's stock worth $46,899,000 after acquiring an additional 181,783 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Old Second Bancorp by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider's stock worth $35,906,000 after purchasing an additional 134,455 shares during the last quarter. State Street Corp raised its position in shares of Old Second Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider's stock valued at $19,711,000 after purchasing an additional 77,143 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Old Second Bancorp by 16.2% in the third 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 last quarter. Finally, American Century Companies Inc. raised its holdings in Old Second Bancorp by 10.5% in the fourth quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider's stock valued at $18,464,000 after acquiring an additional 98,617 shares in the last quarter. 67.76% of the stock is owned by hedge funds and other institutional investors.

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.