Cubist Systematic Strategies LLC Buys 16,756 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Cubist Systematic Strategies LLC grew its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 52.3% during the 4th quarter, HoldingsChannel reports. The firm owned 48,823 shares of the financial services provider’s stock after acquiring an additional 16,756 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Old Second Bancorp were worth $868,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OSBC. Quarry LP grew its stake in shares of Old Second Bancorp by 70.1% in the 4th quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 974 shares during the period. R Squared Ltd acquired a new position in shares of Old Second Bancorp in the 4th quarter worth approximately $96,000. Quantbot Technologies LP boosted its holdings 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 worth $134,000 after acquiring an additional 1,264 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings 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 worth $141,000 after acquiring an additional 2,556 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Old Second Bancorp in the 4th quarter worth approximately $162,000. 67.76% of the stock is currently owned by institutional investors.

Old Second Bancorp Stock Down 1.0%

NASDAQ:OSBC opened at $17.01 on Thursday. The stock’s fifty day moving average price is $15.98 and its two-hundred day moving average price is $17.43. Old Second Bancorp, Inc. has a 52-week low of $13.38 and a 52-week high of $19.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $766.25 million, a price-to-earnings ratio of 9.10 and a beta of 0.78.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data 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 firm had revenue of $73.57 million for the quarter, compared to analyst estimates of $60.00 million. On average, analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, April 25th. Old Second Bancorp’s dividend payout ratio is 13.11%.

Analyst Ratings Changes

Several brokerages have recently commented on OSBC. Stephens reduced their target price on Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Old Second Bancorp presently has a consensus rating of “Buy” and a consensus target price of $20.10.

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.