Teacher Retirement System of Texas Buys 9,210 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Teacher Retirement System of Texas boosted its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,209 shares of the financial services provider’s stock after acquiring an additional 9,210 shares during the period. Teacher Retirement System of Texas owned 0.12% of Old Second Bancorp worth $982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OSBC. Victory Capital Management Inc. bought a new stake in shares of Old Second Bancorp in the 3rd quarter valued at $321,000. Intech Investment Management LLC bought a new stake in Old Second Bancorp during the third quarter valued at $158,000. Charles Schwab Investment Management Inc. boosted its position in Old Second Bancorp by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 358,346 shares of the financial services provider’s stock valued at $5,587,000 after acquiring an additional 25,570 shares during the last quarter. Quantbot Technologies LP grew its holdings in Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 3,587 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Old Second Bancorp by 271.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,967 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 24,084 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Trading Down 1.8 %

Shares of Old Second Bancorp stock opened at $16.69 on Friday. The stock has a market capitalization of $751.83 million, a PE ratio of 8.93 and a beta of 1.04. Old Second Bancorp, Inc. has a 52 week low of $13.20 and a 52 week high of $19.46. The stock has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $17.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

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

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. Old Second Bancorp’s dividend payout ratio is presently 12.83%.

Analyst Ratings Changes

Several research firms recently commented on OSBC. Stephens raised their target price on Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.