AQR Capital Management LLC Buys 51,652 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

AQR Capital Management LLC raised its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,995 shares of the financial services provider’s stock after purchasing an additional 51,652 shares during the quarter. AQR Capital Management LLC owned approximately 0.69% of Old Second Bancorp worth $4,561,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock valued at $33,548,000 after buying an additional 45,955 shares during the period. Boston Partners raised its position in shares of Old Second Bancorp by 300.6% in the 1st quarter. Boston Partners now owns 55,735 shares of the financial services provider’s stock worth $771,000 after acquiring an additional 41,821 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Old Second Bancorp in the 2nd quarter worth approximately $260,000. The Manufacturers Life Insurance Company lifted its stake in shares of 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 purchasing an additional 91,442 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Old Second Bancorp by 175.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,070 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 21,680 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Stock Up 1.0 %

NASDAQ:OSBC opened at $15.08 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $676.28 million, a P/E ratio of 7.65 and a beta of 1.06. Old Second Bancorp, Inc. has a fifty-two week low of $13.00 and a fifty-two week high of $17.46. The firm has a 50-day simple moving average of $16.11 and a two-hundred day simple moving average of $15.00.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $70.82 million for the quarter, compared to the consensus estimate of $70.03 million. Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. Analysts predict that Old Second Bancorp, Inc. will post 1.91 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 26th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, July 26th. Old Second Bancorp’s dividend payout ratio is currently 10.15%.

Insider Activity

In other Old Second Bancorp news, Director John Ladowicz sold 30,585 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $16.22, for a total value of $496,088.70. Following the completion of the transaction, the director now owns 189,192 shares of the company’s stock, valued at approximately $3,068,694.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on OSBC shares. DA Davidson lowered Old Second Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $17.00 in a research report on Wednesday, September 25th. Piper Sandler lifted their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Raymond James cut shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $19.00 to $18.00 in a report on Tuesday, September 17th.

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.