FSI Group LLC Takes Position in Old Second Bancorp Inc. (OSBC)

FSI Group LLC acquired a new position in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 105,555 shares of the financial services provider’s stock, valued at approximately $1,441,000. FSI Group LLC owned approximately 0.36% of Old Second Bancorp at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OSBC. Russell Investments Group Ltd. grew its holdings in Old Second Bancorp by 89.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 448,154 shares of the financial services provider’s stock valued at $6,028,000 after buying an additional 211,500 shares during the period. Boston Partners grew its holdings in Old Second Bancorp by 52.8% in the 3rd quarter. Boston Partners now owns 563,600 shares of the financial services provider’s stock valued at $7,580,000 after buying an additional 194,800 shares during the period. Adams Diversified Equity Fund Inc. purchased a new stake in Old Second Bancorp in the 3rd quarter valued at about $1,135,000. State Street Corp grew its holdings in Old Second Bancorp by 18.5% in the 2nd quarter. State Street Corp now owns 507,780 shares of the financial services provider’s stock valued at $5,864,000 after buying an additional 79,413 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new stake in Old Second Bancorp in the 4th quarter valued at about $984,000. Hedge funds and other institutional investors own 68.78% of the company’s stock.

Several analysts have commented on the company. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub cut Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Old Second Bancorp has a consensus rating of “Buy” and a consensus target price of $13.17.

Old Second Bancorp Inc. (NASDAQ OSBC) opened at $13.90 on Friday. The firm has a market capitalization of $405.89, a PE ratio of 18.05, a PEG ratio of 1.87 and a beta of 0.72. Old Second Bancorp Inc. has a 52 week low of $10.10 and a 52 week high of $15.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Friday, January 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Thursday, January 25th. Old Second Bancorp’s dividend payout ratio is currently 5.19%.

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Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

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

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