Voya Investment Management LLC Sells 1,914 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Voya Investment Management LLC decreased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,037 shares of the financial services provider’s stock after selling 1,914 shares during the quarter. Voya Investment Management LLC’s holdings in Old Second Bancorp were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSBC. R Squared Ltd acquired a new stake in Old Second Bancorp in the fourth quarter worth about $96,000. Quantbot Technologies LP raised its position in 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 acquiring an additional 1,264 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Old Second Bancorp during the fourth quarter valued at approximately $162,000. New York State Common Retirement Fund raised its position in Old Second Bancorp by 15.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 1,500 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Old Second Bancorp in the fourth quarter valued at approximately $214,000. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Price Performance

Shares of Old Second Bancorp stock opened at $17.09 on Tuesday. The business’s fifty day moving average price is $15.98 and its 200 day moving average price is $17.44. The stock has a market capitalization of $769.85 million, a P/E ratio of 9.14 and a beta of 0.78. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46. 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 announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. As a group, research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 13.11%.

Analysts Set New Price Targets

Several analysts have commented on OSBC shares. Stephens dropped their price objective on Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods lowered their price target on Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.10.

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.