Manchester Capital Management LLC Raises Stake in Old Second Bancorp Inc. (OSBC)

Manchester Capital Management LLC lifted its position in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,419 shares of the financial services provider’s stock after purchasing an additional 7,500 shares during the quarter. Manchester Capital Management LLC owned 0.12% of Old Second Bancorp worth $470,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of OSBC. Ameritas Investment Partners Inc. grew its holdings in Old Second Bancorp by 440.1% during the second quarter. Ameritas Investment Partners Inc. now owns 12,282 shares of the financial services provider’s stock worth $141,000 after buying an additional 10,008 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in Old Second Bancorp during the second quarter worth $161,000. Alliancebernstein L.P. bought a new stake in Old Second Bancorp during the second quarter worth $236,000. Thrivent Financial For Lutherans bought a new stake in Old Second Bancorp during the second quarter worth $241,000. Finally, Voya Investment Management LLC grew its holdings in Old Second Bancorp by 8.7% during the second quarter. Voya Investment Management LLC now owns 24,645 shares of the financial services provider’s stock worth $285,000 after buying an additional 1,965 shares in the last quarter. 68.78% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on OSBC shares. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Thursday, January 4th. Sandler O’Neill upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. ValuEngine downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Keefe, Bruyette & Woods upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.17.

Old Second Bancorp Inc. (NASDAQ OSBC) opened at $13.70 on Thursday. The stock has a market capitalization of $404.41, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp Inc. has a 12 month low of $10.10 and a 12 month high of $15.00.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 26th were paid a $0.01 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 5.19%.

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Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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