UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,829 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,039 shares of the financial services provider’s stock after selling 11,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Old Second Bancorp worth $1,192,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new position in Old Second Bancorp in the 4th quarter worth about $6,084,000. Millennium Management LLC grew its holdings in shares of Old Second Bancorp by 452.4% during the fourth quarter. Millennium Management LLC now owns 308,223 shares of the financial services provider’s stock worth $5,480,000 after purchasing an additional 252,430 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Old Second Bancorp by 188.2% during the fourth quarter. Nuveen Asset Management LLC now owns 281,572 shares of the financial services provider’s stock worth $5,006,000 after purchasing an additional 183,869 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Old Second Bancorp by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider’s stock worth $46,899,000 after purchasing an additional 181,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Old Second Bancorp by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider’s stock valued at $35,906,000 after purchasing an additional 134,455 shares in the last quarter. Institutional investors own 67.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on OSBC. Keefe, Bruyette & Woods cut their price target on shares of 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 cut their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating for the company in a research report 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $20.10.

Old Second Bancorp Trading Up 1.4%

Old Second Bancorp stock opened at $17.00 on Tuesday. Old Second Bancorp, Inc. has a one year low of $13.38 and a one year high of $19.46. The business’s fifty day moving average is $15.98 and its 200 day moving average is $17.29. The stock has a market capitalization of $765.95 million, a PE ratio of 9.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, sell-side analysts predict 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. Investors of record on Friday, April 25th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 13.11%.

Old Second Bancorp 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.