SG Americas Securities LLC Takes $149,000 Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

SG Americas Securities LLC acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 9,641 shares of the financial services provider’s stock, valued at approximately $149,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSBC. Quantbot Technologies LP bought a new stake in shares of Old Second Bancorp during the third quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC boosted its position in shares of Old Second Bancorp by 86.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Old Second Bancorp during the second quarter valued at approximately $48,000. Tower Research Capital LLC TRC boosted its position in shares of Old Second Bancorp by 281.1% during the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock valued at $105,000 after buying an additional 5,925 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Old Second Bancorp by 140.8% during the second quarter. UBS Group AG now owns 11,068 shares of the financial services provider’s stock valued at $148,000 after buying an additional 6,471 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Down 0.3 %

OSBC stock opened at $13.31 on Wednesday. The stock’s fifty day simple moving average is $13.48 and its two-hundred day simple moving average is $14.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Old Second Bancorp, Inc. has a 1-year low of $10.79 and a 1-year high of $16.76. The stock has a market cap of $596.29 million, a P/E ratio of 6.59 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). Old Second Bancorp had a return on equity of 17.52% and a net margin of 28.12%. The business had revenue of $69.96 million during the quarter, compared to analysts’ expectations of $72.87 million. Analysts expect that Old Second Bancorp, Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James raised Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Thursday, April 4th.

About Old Second Bancorp

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.