AlphaQuest LLC Has $663,000 Stock Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

AlphaQuest LLC decreased its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,278 shares of the financial services provider’s stock after selling 1,037 shares during the period. AlphaQuest LLC’s holdings in Old Second Bancorp were worth $663,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Old Second Bancorp by 6.5% in the third quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after acquiring an additional 77,143 shares during the last quarter. JPMorgan Chase & Co. raised its position in Old Second Bancorp by 16.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after purchasing an additional 153,187 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock worth $16,053,000 after buying an additional 22,747 shares in the last quarter. Stieven Capital Advisors L.P. lifted its holdings in Old Second Bancorp by 6.6% during the 4th quarter. Stieven Capital Advisors L.P. now owns 410,808 shares of the financial services provider’s stock worth $7,304,000 after buying an additional 25,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Old Second Bancorp by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,480 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 8,134 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $17.79 per share, with a total value of $100,068.75. Following the completion of the transaction, the director now directly owns 18,679 shares in the company, valued at $332,299.41. This trade represents a 43.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

Old Second Bancorp Trading Down 0.5 %

NASDAQ OSBC opened at $16.30 on Wednesday. Old Second Bancorp, Inc. has a 12 month low of $13.00 and a 12 month high of $19.46. The stock has a 50-day simple moving average of $18.25 and a 200 day simple moving average of $17.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $734.27 million, a PE ratio of 8.72 and a beta of 1.04.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. Research analysts forecast that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 31st were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. Old Second Bancorp’s dividend payout ratio is 12.83%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OSBC. Keefe, Bruyette & Woods upped their price target on Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Stephens upped their target price on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Raymond James raised shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.90.

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.