56,124 Shares in Old Second Bancorp, Inc. $OSBC Acquired by Versor Investments LP

Versor Investments LP bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the second quarter, Holdings Channel.com reports. The fund bought 56,124 shares of the financial services provider’s stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSBC. Goldman Sachs Group Inc. raised its holdings in shares of Old Second Bancorp by 74.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider’s stock worth $24,599,000 after purchasing an additional 630,265 shares in the last quarter. Nuveen LLC bought a new stake in shares of Old Second Bancorp in the 1st quarter worth approximately $5,593,000. Stieven Capital Advisors L.P. raised its holdings in shares of Old Second Bancorp by 74.3% in the 1st quarter. Stieven Capital Advisors L.P. now owns 716,228 shares of the financial services provider’s stock worth $11,918,000 after purchasing an additional 305,420 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Old Second Bancorp by 33.6% in the 1st quarter. AQR Capital Management LLC now owns 540,946 shares of the financial services provider’s stock worth $9,001,000 after purchasing an additional 135,971 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Old Second Bancorp during the first quarter valued at approximately $1,720,000. 67.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OSBC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Keefe, Bruyette & Woods boosted their price target on shares of Old Second Bancorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, October 24th. DA Davidson boosted their price target on shares of Old Second Bancorp from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Old Second Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Old Second Bancorp has a consensus rating of “Buy” and a consensus target price of $21.63.

Old Second Bancorp Stock Down 1.2%

Old Second Bancorp stock opened at $17.95 on Monday. The firm has a market cap of $945.07 million, a PE ratio of 11.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average price is $17.93 and its two-hundred day moving average price is $17.42. Old Second Bancorp, Inc. has a twelve month low of $14.14 and a twelve month high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. Old Second Bancorp had a net margin of 18.89% and a return on equity of 13.10%. On average, research analysts predict 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 will be paid on Monday, November 10th. Shareholders of record on Friday, October 31st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, October 31st. Old Second Bancorp’s dividend payout ratio is currently 18.54%.

About Old Second Bancorp

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.