Two Sigma Advisers LP purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,200 shares of the financial services provider’s stock, valued at approximately $207,000. Two Sigma Advisers LP owned approximately 0.05% of Old Second Bancorp at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Old Second Bancorp by 53.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 33,824 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 11,738 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Old Second Bancorp during the 4th quarter worth $161,000. Deutsche Bank AG raised its stake in Old Second Bancorp by 8.7% during the 4th quarter. Deutsche Bank AG now owns 223,899 shares of the financial services provider’s stock worth $3,054,000 after acquiring an additional 17,941 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Old Second Bancorp during the 4th quarter worth $188,000. Finally, Renaissance Technologies LLC raised its stake in Old Second Bancorp by 7.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,018,700 shares of the financial services provider’s stock worth $13,905,000 after acquiring an additional 69,300 shares in the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.
A number of research analysts have commented on OSBC shares. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, January 4th. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Old Second Bancorp has an average rating of “Hold” and a consensus price target of $13.17.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. Old Second Bancorp had a net margin of 12.85% and a return on equity of 7.82%. equities analysts anticipate that Old Second Bancorp, Inc. will post 0.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Friday, April 27th will be paid a $0.01 dividend. The ex-dividend date is Thursday, April 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. Old Second Bancorp’s dividend payout ratio is presently 7.55%.
In other Old Second Bancorp news, Chairman William B. Skoglund sold 5,708 shares of Old Second Bancorp stock in a transaction on Friday, March 9th. The shares were sold at an average price of $14.56, for a total value of $83,108.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 15,306 shares of company stock worth $222,044. 3.28% of the stock is currently owned by company insiders.
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Old Second Bancorp Company Profile
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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