Hudson Edge Investment Partners Inc. Purchases 6,271 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hudson Edge Investment Partners Inc. increased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,633 shares of the financial services provider’s stock after buying an additional 6,271 shares during the period. Hudson Edge Investment Partners Inc. owned 0.10% of Old Second Bancorp worth $758,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Old Second Bancorp during the 4th quarter worth $96,000. Quantbot Technologies LP lifted its position in shares of Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 3,587 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Old Second Bancorp during the 3rd quarter valued at approximately $101,000. CWM LLC grew its holdings in Old Second Bancorp by 36.3% in the 3rd 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 during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Old Second Bancorp in the 3rd quarter valued at approximately $158,000. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Price Performance

Shares of OSBC stock opened at $18.33 on Friday. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $19.46. The company has a market capitalization of $822.10 million, a P/E ratio of 9.80 and a beta of 1.07. The stock has a 50 day moving average of $18.30 and a two-hundred day moving average of $17.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, equities analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.24 annualized dividend and a dividend yield of 1.31%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OSBC. Raymond James raised Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Stephens reiterated an “overweight” rating and set a $21.00 target price on shares of Old Second Bancorp in a research note on Thursday, January 23rd.

Insider Activity at Old Second Bancorp

In related news, Director Rocks Patti Temple acquired 5,625 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $17.79 per share, with a total value of $100,068.75. Following the completion of the acquisition, the director now owns 18,679 shares of the company’s stock, valued at $332,299.41. This trade represents a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

About Old Second Bancorp

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.