Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBCFree Report) by 476.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,496 shares of the financial services provider’s stock after buying an additional 130,158 shares during the quarter. Assenagon Asset Management S.A. owned about 0.35% of Old Second Bancorp worth $2,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Old Second Bancorp in the 4th quarter worth approximately $149,000. Ziegler Capital Management LLC boosted its position in Old Second Bancorp by 6.4% in the 4th quarter. Ziegler Capital Management LLC now owns 53,995 shares of the financial services provider’s stock worth $834,000 after purchasing an additional 3,250 shares in the last quarter. Vanguard Group Inc. boosted its position in Old Second Bancorp by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,260,597 shares of the financial services provider’s stock worth $30,767,000 after purchasing an additional 33,149 shares in the last quarter. Wellington Management Group LLP boosted its position in Old Second Bancorp by 16.7% in the 3rd quarter. Wellington Management Group LLP now owns 257,600 shares of the financial services provider’s stock worth $3,506,000 after purchasing an additional 36,900 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Old Second Bancorp by 14.6% in the 3rd quarter. American Century Companies Inc. now owns 447,267 shares of the financial services provider’s stock worth $6,087,000 after purchasing an additional 57,092 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their price objective on Old Second Bancorp from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th.

Get Our Latest Research Report on OSBC

Old Second Bancorp Trading Down 1.1 %

Shares of NASDAQ:OSBC opened at $13.30 on Thursday. Old Second Bancorp, Inc. has a 1 year low of $10.79 and a 1 year high of $16.76. The firm has a market capitalization of $595.84 million, a price-to-earnings ratio of 6.58 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day moving average price is $13.54 and its 200-day moving average price is $14.17.

Old Second Bancorp (NASDAQ:OSBCGet Free Report) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Old Second Bancorp had a net margin of 28.12% and a return on equity of 17.52%. The business had revenue of $69.96 million for the quarter, compared to analysts’ expectations of $72.87 million. On average, equities research analysts forecast that Old Second Bancorp, Inc. will post 1.89 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Friday, January 26th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. Old Second Bancorp’s dividend payout ratio (DPR) is 9.90%.

Old Second Bancorp Profile

(Free Report)

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.

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

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