By otakuyassine3@gmail.com 
State of New Jersey Common Pension Fund D lowered its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC – Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,701 shares of the financial services provider’s stock after selling 5,335 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.28% of Old Second Bancorp worth $2,271,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Old Second Bancorp by 16.2% during the third quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock valued at $17,174,000 after buying an additional 153,187 shares in the last quarter. State Street Corp raised its stake in Old Second Bancorp by 6.5% during 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 buying an additional 77,143 shares in the last quarter. Jane Street Group LLC raised its stake in Old Second Bancorp by 25.8% during the third quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock valued at $973,000 after buying an additional 12,785 shares in the last quarter. Barclays PLC raised its stake in Old Second Bancorp by 81.3% during the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after buying an additional 52,277 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Old Second Bancorp by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 22,747 shares in the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.
Insider Activity at Old Second Bancorp
In other Old Second Bancorp news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now directly owns 18,679 shares in the company, valued at $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.
Old Second Bancorp Stock Down 2.2 %
Shares of Old Second Bancorp stock opened at $18.33 on Friday. 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 business’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $17.32. The stock has a market capitalization of $822.10 million, a price-to-earnings ratio of 9.80 and a beta of 1.07. Old Second Bancorp, Inc. has a twelve month low of $13.00 and a twelve month high of $19.46.
Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share 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%. Equities research analysts forecast that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.
Old Second Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s dividend payout ratio is currently 12.83%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on OSBC. Stephens restated an “overweight” rating and set a $21.00 price objective on shares of Old Second Bancorp in a research note on Thursday, January 23rd. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th.
Read Our Latest Report on OSBC
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.
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