1 week Ago By ABMN Staff
JPMorgan Chase & Co. decreased its holdings in Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ) by 2.
9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,069,390 shares of the financial services provider’s stock after selling 32,244 shares during the period. JPMorgan Chase & Co.
’s holdings in Old Second Bancorp were worth $19,014,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Old Second Bancorp during the 4th quarter valued at approximately $96,000.
Quantbot Technologies LP boosted its holdings in shares of Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,264 shares during the last quarter.
KLP Kapitalforvaltning AS purchased a new position in shares of Old Second Bancorp during the fourth quarter valued at about $162,000. New York State Common Retirement Fund lifted its position in shares of Old Second Bancorp by 15.1% in the fourth quarter.
New York State Common Retirement Fund now owns 11,466 shares of the financial services provider’s stock worth $204,000 after buying an additional 1,500 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in Old Second Bancorp during the 4th quarter valued at approximately $230,000. Hedge funds and other institutional investors own 67.
76% of the company’s stock. Old Second Bancorp Stock Down 5.8 % Shares of NASDAQ OSBC opened at $14.
53 on Friday. The firm has a market capitalization of $654.53 million, a price-to-earnings ratio of 7.
77 and a beta of 0.84. 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, 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 $17.27 and a 200 day moving average price of $17.
43. Old Second Bancorp Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were paid a $0.
06 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.
24 dividend on an annualized basis and a dividend yield of 1.65%. Old Second Bancorp’s payout ratio is currently 12.
83%. Analyst Ratings Changes Several brokerages recently weighed in on OSBC. Raymond James upgraded shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th.
Stephens lifted their price target on Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th.
Finally, Keefe, Bruyette & Woods raised their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $20.90.
Read Our Latest Analysis on OSBC About Old Second Bancorp ( 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.
Featured Stories Want to see what other hedge funds are holding OSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ).
Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter ..
