Quadrature Capital Ltd Takes Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Quadrature Capital Ltd bought a new position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,116 shares of the financial services provider’s stock, valued at approximately $172,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quest Partners LLC acquired a new position in shares of Old Second Bancorp during the 4th quarter worth approximately $396,000. Banc Funds Co. LLC grew its position in Old Second Bancorp by 3.7% during the fourth quarter. Banc Funds Co. LLC now owns 2,126,262 shares of the financial services provider’s stock worth $32,829,000 after buying an additional 74,952 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Old Second Bancorp by 476.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 157,496 shares of the financial services provider’s stock worth $2,432,000 after acquiring an additional 130,158 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Old Second Bancorp by 9.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,061,824 shares of the financial services provider’s stock valued at $16,395,000 after acquiring an additional 91,442 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Old Second Bancorp by 14.6% during the 3rd quarter. American Century Companies Inc. now owns 447,267 shares of the financial services provider’s stock valued at $6,087,000 after acquiring an additional 57,092 shares during the period. Institutional investors own 67.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OSBC. Stephens reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Old Second Bancorp in a research report on Friday, April 19th. Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Thursday, April 4th.

Insider Transactions at Old Second Bancorp

In related news, Vice Chairman Gary S. Collins sold 3,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $14.48, for a total value of $43,440.00. Following the completion of the sale, the insider now directly owns 89,893 shares in the company, valued at $1,301,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Vice Chairman Gary S. Collins sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $14.48, for a total value of $43,440.00. Following the transaction, the insider now owns 89,893 shares in the company, valued at approximately $1,301,650.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Gary S. Collins sold 21,002 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $14.23, for a total transaction of $298,858.46. Following the sale, the insider now owns 46,624 shares of the company’s stock, valued at $663,459.52. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Old Second Bancorp Stock Performance

NASDAQ OSBC opened at $14.46 on Friday. The firm’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $14.22. The stock has a market cap of $648.53 million, a PE ratio of 7.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.83 and a current ratio of 0.83. Old Second Bancorp, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $16.76.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a return on equity of 16.36% and a net margin of 26.90%. On average, equities analysts expect that Old Second Bancorp, Inc. will post 1.92 EPS for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 26th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 25th. Old Second Bancorp’s payout ratio is currently 10.15%.

Old Second Bancorp Company 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.