Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,530 shares of the financial services provider’s stock after selling 5,004 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.24% of Old Second Bancorp worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. River Street Advisors LLC purchased a new position in Old Second Bancorp during the fourth quarter worth about $3,363,000. Vanguard Group Inc. boosted its position in shares of Old Second Bancorp by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider’s stock worth $46,899,000 after purchasing an additional 181,783 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Old Second Bancorp by 16.2% during 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 period. American Century Companies Inc. increased its holdings in Old Second Bancorp by 10.5% in the 4th quarter. American Century Companies Inc. now owns 1,038,495 shares of the financial services provider’s stock valued at $18,464,000 after purchasing an additional 98,617 shares during the last quarter. Finally, State Street Corp raised its position in 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 valued at $19,711,000 after purchasing an additional 77,143 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James raised Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods increased their price target on shares of Old Second Bancorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Stephens raised their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $20.90.

Old Second Bancorp Price Performance

OSBC stock opened at $16.79 on Thursday. Old Second Bancorp, Inc. has a 1 year low of $13.20 and a 1 year high of $19.46. The firm has a market capitalization of $756.34 million, a P/E ratio of 8.98 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day moving average is $17.87 and its two-hundred day moving average is $17.52.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. 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 announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s dividend payout ratio (DPR) is presently 12.83%.

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.