Principal Financial Group Inc. Has $628,000 Stock Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Principal Financial Group Inc. lifted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,325 shares of the financial services provider’s stock after acquiring an additional 3,082 shares during the quarter. Principal Financial Group Inc. owned approximately 0.08% of Old Second Bancorp worth $628,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Princeton Capital Management LLC grew its holdings in Old Second Bancorp by 7.8% during the 3rd quarter. Princeton Capital Management LLC now owns 13,770 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 1,000 shares during the period. Hunter Perkins Capital Management LLC boosted its position in shares of Old Second Bancorp by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 2,095 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Old Second Bancorp by 3.0% during the fourth quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 2,099 shares during the period. Quantbot Technologies LP increased its holdings in Old Second Bancorp by 134.0% in the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 3,587 shares during the last quarter. Finally, Centiva Capital LP lifted its stake in Old Second Bancorp by 36.2% in the third quarter. Centiva Capital LP now owns 18,294 shares of the financial services provider’s stock valued at $285,000 after buying an additional 4,861 shares during the period. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Trading Down 1.2 %

NASDAQ:OSBC opened at $17.22 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $17.50. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $19.46. The stock has a market capitalization of $772.37 million, a PE ratio of 9.21 and a beta of 1.07.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share 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%. Sell-side analysts expect that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, January 31st. Old Second Bancorp’s payout ratio is presently 12.83%.

Insiders Place Their Bets

In other news, Director Rocks Patti Temple bought 5,625 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the purchase, the director now owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. The trade was a 43.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Old Second Bancorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Stephens upped their target price on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $20.90.

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.