AlphaQuest LLC Sells 1,037 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

AlphaQuest LLC trimmed its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,278 shares of the financial services provider’s stock after selling 1,037 shares during the quarter. AlphaQuest LLC owned 0.08% of Old Second Bancorp worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new position in Old Second Bancorp during the 4th quarter valued at $96,000. Quantbot Technologies LP raised its position in shares of Old Second Bancorp by 134.0% during the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock valued at $98,000 after buying an additional 3,587 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Old Second Bancorp during the third quarter valued at about $101,000. Intech Investment Management LLC bought a new stake in shares of Old Second Bancorp in the third quarter valued at about $158,000. Finally, Paloma Partners Management Co acquired a new stake in Old Second Bancorp during the third quarter worth about $204,000. Institutional investors and hedge funds own 67.76% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Old Second Bancorp

In other news, Director Rocks Patti Temple acquired 5,625 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, with a total value of $100,068.75. Following the completion of the purchase, the director now owns 18,679 shares of the company’s stock, valued at $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Old Second Bancorp Trading Down 0.5 %

OSBC stock opened at $16.30 on Wednesday. Old Second Bancorp, Inc. has a 1-year low of $13.00 and a 1-year high of $19.46. 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 moving average is $18.25 and its 200-day moving average is $17.53. The firm has a market cap of $734.27 million, a P/E 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 earnings per share 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%. Equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

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

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.