Los Angeles Capital Management LLC Grows Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Los Angeles Capital Management LLC boosted its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 53.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,785 shares of the financial services provider’s stock after buying an additional 36,210 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Old Second Bancorp were worth $1,602,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Old Second Bancorp in the 3rd quarter valued at $34,000. Criterion Capital Advisors LLC purchased a new stake in shares of Old Second Bancorp in the fourth quarter valued at about $46,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Old Second Bancorp by 86.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,464 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Old Second Bancorp during the fourth quarter worth about $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Old Second Bancorp by 45.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,147 shares of the financial services provider’s stock worth $206,000 after buying an additional 4,767 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Insider Buying and Selling at Old Second Bancorp

In other news, Vice Chairman Gary S. Collins sold 3,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $14.48, for a total transaction of $43,440.00. Following the completion of the transaction, the insider now owns 89,893 shares in the company, valued at $1,301,650.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James raised Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Thursday, April 4th. Stephens restated an “overweight” rating and issued a $17.00 price objective on shares of Old Second Bancorp in a research report on Friday, April 19th.

Old Second Bancorp Trading Down 0.4 %

NASDAQ OSBC opened at $14.20 on Wednesday. Old Second Bancorp, Inc. has a 52 week low of $11.11 and a 52 week high of $16.76. The company’s fifty day simple moving average is $13.68 and its 200-day simple moving average is $14.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market cap of $636.81 million, a P/E ratio of 7.21 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. Equities research analysts predict that Old Second Bancorp, Inc. will post 1.91 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 26th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is presently 10.15%.

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.