Teacher Retirement System of Texas Has $679,000 Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Teacher Retirement System of Texas decreased its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 26.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,821 shares of the financial services provider’s stock after selling 14,388 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Old Second Bancorp worth $679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Old Second Bancorp by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider’s stock valued at $441,000 after buying an additional 843 shares during the period. Quarry LP boosted its holdings in 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 acquiring an additional 974 shares during the last quarter. Quantbot Technologies LP increased its position in Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,264 shares during the period. Invesco Ltd. raised its holdings in Old Second Bancorp by 1.8% during the 4th quarter. Invesco Ltd. now owns 77,897 shares of the financial services provider’s stock worth $1,385,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Old Second Bancorp by 6.4% in the 4th quarter. Squarepoint Ops LLC now owns 22,703 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 1,363 shares during the period. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock opened at $18.40 on Wednesday. The business has a 50-day simple moving average of $17.31 and a 200 day simple moving average of $17.21. Old Second Bancorp, Inc. has a one year low of $14.14 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $829.10 million, a price-to-earnings ratio of 10.05 and a beta of 0.81.

Old Second Bancorp (NASDAQ:OSBC) last released 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). Old Second Bancorp had a net margin of 24.52% and a return on equity of 12.87%. The firm had revenue of $73.57 million for the quarter, compared to the consensus estimate of $60.00 million. On average, research analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 25th will be paid a $0.06 dividend. Old Second Bancorp’s dividend payout ratio (DPR) is 13.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OSBC shares. Stephens lowered 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 note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price objective on 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. Piper Sandler restated an “overweight” rating and set a $24.50 target price (up previously from $22.00) on shares of Old Second Bancorp in a research report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.