Alliancebernstein L.P. Takes Position in Old Second Bancorp, Inc. (OSBC)
Alliancebernstein L.P. bought a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,400 shares of the financial services provider’s stock, valued at approximately $236,000. Alliancebernstein L.P. owned approximately 0.07% of Old Second Bancorp at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Old Second Bancorp by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 967,741 shares of the financial services provider’s stock valued at $10,887,000 after acquiring an additional 43,030 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Old Second Bancorp by 8.2% during the 1st quarter. Renaissance Technologies LLC now owns 721,200 shares of the financial services provider’s stock valued at $8,114,000 after acquiring an additional 54,900 shares in the last quarter. Boston Partners lifted its holdings in shares of Old Second Bancorp by 9.7% during the 2nd quarter. Boston Partners now owns 368,800 shares of the financial services provider’s stock valued at $4,260,000 after acquiring an additional 32,500 shares in the last quarter. Seizert Capital Partners LLC purchased a new stake in Old Second Bancorp during the 2nd quarter worth $3,639,000. Finally, Russell Investments Group Ltd. increased its stake in Old Second Bancorp by 23.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 236,654 shares of the financial services provider’s stock worth $2,733,000 after buying an additional 44,948 shares during the period. Institutional investors and hedge funds own 66.65% of the company’s stock.
In related news, Director John Ladowicz sold 10,350 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $12.15, for a total transaction of $125,752.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Bonifas acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 5,550 shares of company stock valued at $62,594 and have sold 49,346 shares valued at $623,302. 3.60% of the stock is owned by corporate insiders.
Shares of Old Second Bancorp, Inc. (NASDAQ OSBC) opened at $12.45 on Monday. The firm has a market cap of $368.86, a PE ratio of 20.08, a PEG ratio of 2.20 and a beta of 1.34. Old Second Bancorp, Inc. has a 1 year low of $8.55 and a 1 year high of $14.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80.
Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. equities research analysts forecast that Old Second Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Friday, October 27th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, October 26th. Old Second Bancorp’s dividend payout ratio is presently 6.45%.
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Several research firms recently issued reports on OSBC. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, October 25th. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.50 price target on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. DA Davidson began coverage on shares of Old Second Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $13.00 price target on the stock. Finally, BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $13.50.
Old Second Bancorp Company Profile
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