MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,797 shares of the financial services provider’s stock after buying an additional 843 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Old Second Bancorp worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP raised its stake in Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 974 shares during the period. R Squared Ltd purchased a new position in Old Second Bancorp during the fourth quarter worth approximately $96,000. Quantbot Technologies LP raised its stake 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 period. Aquatic Capital Management LLC raised its stake in Old Second Bancorp by 47.3% during the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 2,556 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Old Second Bancorp during the fourth quarter worth approximately $162,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $16.75 on Friday. The company’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $17.41. Old Second Bancorp, Inc. has a 52 week low of $13.38 and a 52 week high of $19.46. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $754.69 million, a PE ratio of 8.96 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. The business had revenue of $73.57 million during the quarter, compared to analysts’ expectations of $60.00 million. As a group, equities research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp’s dividend payout ratio is presently 13.11%.

Analysts Set New Price Targets

OSBC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Stephens cut their price target on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $20.10.

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.