1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,100 shares of the financial services provider’s stock, valued at approximately $162,000.
A number of other institutional investors also recently modified their holdings of OSBC. American Century Companies Inc. boosted its position in Old Second Bancorp by 10.
5% during the 4th quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider’s stock worth $18,464,000 after acquiring an additional 98,617 shares during the last quarter.
Quantbot Technologies LP boosted its holdings 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 worth $134,000 after purchasing an additional 1,264 shares during the last quarter.
Teacher Retirement System of Texas grew its position in Old Second Bancorp by 20.0% in the fourth quarter. Teacher Retirement System of Texas now owns 55,209 shares of the financial services provider’s stock valued at $982,000 after purchasing an additional 9,210 shares in the last quarter.
Thrivent Financial for Lutherans increased its stake in Old Second Bancorp by 32.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 116,751 shares of the financial services provider’s stock valued at $2,076,000 after buying an additional 28,451 shares during the last quarter.
Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Old Second Bancorp by 122.2% during the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 40,601 shares of the financial services provider’s stock worth $722,000 after buying an additional 22,329 shares in the last quarter. 67.
76% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of analysts recently issued reports on the company. Stephens lifted their target price on Old Second Bancorp from $21.
00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Raymond James raised 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 upped their price objective on Old Second Bancorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th.
One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $20.
90. Old Second Bancorp Trading Down 0.5 % Shares of NASDAQ:OSBC opened at $14.
71 on Wednesday. Old Second Bancorp, Inc. has a 52-week low of $13.
20 and a 52-week high of $19.46. The company has a debt-to-equity ratio of 0.
13, a quick ratio of 0.84 and a current ratio of 0.84.
The company has a market capitalization of $662.64 million, a P/E ratio of 7.87 and a beta of 0.
84. The company has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $17.
46. Old Second Bancorp ( NASDAQ:OSBC – Get Free Report ) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.
44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04).
Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%.
Sell-side analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.
Old Second Bancorp Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders 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 annualized dividend and a dividend yield of 1.
63%. Old Second Bancorp’s dividend payout ratio is currently 12.83%.
Old Second Bancorp Profile ( Free Report ) 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.
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