Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,751 shares of the financial services provider's stock after buying an additional 28,451 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.26% of Old Second Bancorp worth $2,076,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Old Second Bancorp by 122.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,601 shares of the financial services provider's stock worth $722,000 after acquiring an additional 22,329 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Old Second Bancorp during the fourth quarter worth about $459,000. Victory Capital Management Inc. raised its position in shares of Old Second Bancorp by 29.4% during the 4th quarter. Victory Capital Management Inc. now owns 26,632 shares of the financial services provider's stock worth $474,000 after purchasing an additional 6,049 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Old Second Bancorp by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,480 shares of the financial services provider's stock valued at $6,516,000 after buying an additional 8,134 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its holdings in Old Second Bancorp by 17.2% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 42,633 shares of the financial services provider's stock worth $758,000 after buying an additional 6,271 shares during the last quarter. 67.76% of the stock is owned by institutional investors and hedge funds.

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Old Second Bancorp Price Performance

Shares of OSBC stock traded up $0.18 during trading hours on Wednesday, reaching $16.79. The company had a trading volume of 141,061 shares, compared to its average volume of 248,686. Old Second Bancorp, Inc. has a 12-month low of $13.20 and a 12-month high of $19.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $756.34 million, a price-to-earnings ratio of 8.98 and a beta of 1.04. The stock has a fifty day moving average of $17.87 and a 200-day moving average of $17.52.

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

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp's payout ratio is currently 12.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James raised Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. 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, Keefe, Bruyette & Woods lifted 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company 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.