Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Bought by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. raised its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 410,808 shares of the financial services provider's stock after acquiring an additional 25,400 shares during the quarter. Stieven Capital Advisors L.P. owned 0.92% of Old Second Bancorp worth $7,304,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Old Second Bancorp in the fourth quarter valued at $96,000. Quantbot Technologies LP lifted its holdings in Old Second Bancorp by 134.0% in the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider's stock valued at $98,000 after acquiring an additional 3,587 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Old Second Bancorp in the third quarter valued at $101,000. CWM LLC increased its position in shares of Old Second Bancorp by 36.3% in the third quarter. CWM LLC now owns 7,966 shares of the financial services provider's stock valued at $124,000 after buying an additional 2,123 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Old Second Bancorp in the third quarter valued at $158,000. Institutional investors and hedge funds own 67.76% of the company's stock.

Analysts Set New Price Targets

OSBC has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $21.00 price target on shares of Old Second Bancorp in a research report on Thursday, January 23rd. Raymond James upgraded Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th.

Old Second Bancorp Price Performance

Old Second Bancorp stock traded down $0.16 during midday trading on Wednesday, reaching $18.81. 145,303 shares of the company were exchanged, compared to its average volume of 236,426. The firm's 50-day simple moving average is $18.29 and its 200-day simple moving average is $17.28. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $19.46. The company has a market capitalization of $843.63 million, a price-to-earnings ratio of 10.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share 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%. On average, analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction on Monday, December 23rd. The stock was 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 of the company's stock, valued at approximately $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is owned by corporate insiders.

Old Second Bancorp 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.