SG Americas Securities LLC Buys 10,517 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

SG Americas Securities LLC raised its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,275 shares of the financial services provider’s stock after acquiring an additional 10,517 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Old Second Bancorp worth $737,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OSBC. Rhumbline Advisers lifted its holdings in shares of Old Second Bancorp by 3.0% during the fourth quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 2,099 shares during the period. Principal Financial Group Inc. boosted its holdings in Old Second Bancorp by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 3,082 shares during the last quarter. New York State Common Retirement Fund boosted its stake in 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 valued at $204,000 after acquiring an additional 1,500 shares during the last quarter. Ieq Capital LLC purchased a new position in Old Second Bancorp in the fourth quarter valued at about $230,000. Finally, Hudson Edge Investment Partners Inc. raised its position in shares of Old Second Bancorp by 17.2% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 42,633 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 6,271 shares during the period. 67.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OSBC shares. 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 dropped their price target 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 research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $20.10.

Old Second Bancorp Stock Performance

Old Second Bancorp stock opened at $16.71 on Friday. The company has a market cap of $752.95 million, a PE ratio of 9.13 and a beta of 0.81. Old Second Bancorp, Inc. has a twelve month low of $13.71 and a twelve month high of $19.46. The company’s 50-day moving average price is $16.29 and its 200-day moving average price is $17.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12.

Old Second Bancorp (NASDAQ:OSBC) last posted 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). The firm had revenue of $73.57 million for the quarter, compared to analysts’ expectations of $60.00 million. Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. On average, equities research analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, April 25th. Old Second Bancorp’s dividend payout ratio (DPR) is currently 13.11%.

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.