Stieven Capital Advisors L.P. Lowers Stake in Old Second Bancorp Inc. (NASDAQ:OSBC)

Stieven Capital Advisors L.P. lowered its stake in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 660,980 shares of the financial services provider’s stock after selling 8,200 shares during the quarter. Stieven Capital Advisors L.P.’s holdings in Old Second Bancorp were worth $8,441,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Old Second Bancorp by 8.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,993 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 1,600 shares during the period. Meeder Asset Management Inc. raised its position in Old Second Bancorp by 41.2% in the 1st quarter. Meeder Asset Management Inc. now owns 5,633 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,644 shares during the period. Bessemer Group Inc. raised its position in Old Second Bancorp by 3.7% in the 2nd quarter. Bessemer Group Inc. now owns 47,600 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 1,700 shares during the period. Marshall Wace LLP purchased a new position in Old Second Bancorp in the 1st quarter worth $60,000. Finally, BNP Paribas Arbitrage SA raised its position in Old Second Bancorp by 499.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 5,038 shares during the period. Hedge funds and other institutional investors own 68.17% of the company’s stock.

A number of equities analysts recently commented on OSBC shares. FIG Partners upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Raymond James set a $15.00 target price on shares of Old Second Bancorp and gave the stock a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, BidaskClub cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.50.

Old Second Bancorp stock traded down $0.26 during trading hours on Tuesday, reaching $11.86. The stock had a trading volume of 1,312 shares, compared to its average volume of 71,310. The stock has a market cap of $360.85 million, a PE ratio of 10.59, a PEG ratio of 1.43 and a beta of 0.96. Old Second Bancorp Inc. has a 52 week low of $11.32 and a 52 week high of $15.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day simple moving average of $12.56 and a 200-day simple moving average of $13.08.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.60 million. Old Second Bancorp had a net margin of 24.90% and a return on equity of 15.20%. Research analysts predict that Old Second Bancorp Inc. will post 1.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Thursday, July 25th. Old Second Bancorp’s dividend payout ratio (DPR) is presently 3.57%.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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