ProShare Advisors LLC Takes Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

ProShare Advisors LLC bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,271 shares of the financial services provider’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP increased its stake in shares of Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after buying an additional 974 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Old Second Bancorp by 20.2% in the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,264 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Old Second Bancorp by 47.3% in the 4th quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider’s stock valued at $141,000 after buying an additional 2,556 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Old Second Bancorp in the 4th quarter valued at $162,000. Finally, New York State Common Retirement Fund increased its stake in shares of Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,500 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Stock Down 0.5%

NASDAQ:OSBC opened at $16.67 on Friday. Old Second Bancorp, Inc. has a 12-month low of $13.38 and a 12-month high of $19.46. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $751.08 million, a P/E ratio of 8.91 and a beta of 0.78. The stock’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $17.38.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. The company had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a $0.06 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. Old Second Bancorp’s dividend payout ratio is currently 13.11%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OSBC. Keefe, Bruyette & Woods lowered their target price on Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Stephens lowered their target price on Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Old Second Bancorp presently has a consensus rating of “Buy” and an average 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.