31,079 Shares in Old Second Bancorp, Inc. (NASDAQ:OSBC) Acquired by LSV Asset Management

LSV Asset Management purchased a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,079 shares of the financial services provider’s stock, valued at approximately $553,000.

Several other large investors also recently modified their holdings of OSBC. R Squared Ltd bought a new position in Old Second Bancorp during the fourth quarter worth $96,000. Quantbot Technologies LP raised its holdings in shares of Old Second Bancorp by 20.2% during the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,264 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Old Second Bancorp during the 4th quarter worth about $162,000. New York State Common Retirement Fund grew its stake in shares of Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,500 shares during the period. Finally, Ieq Capital LLC bought a new stake in Old Second Bancorp in the 4th quarter valued at about $230,000. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock opened at $14.57 on Tuesday. The company has a market cap of $656.33 million, a PE ratio of 7.79 and a beta of 0.84. 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, Inc. has a 52 week low of $13.20 and a 52 week high of $19.46. The business has a 50 day moving average price of $17.09 and a 200-day moving average price of $17.44.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) 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%. Equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Old Second Bancorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. 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. Finally, Stephens boosted their price target on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $20.90.

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.