FSI Group LLC Acquires New Stake in Old Second Bancorp Inc. (OSBC)

FSI Group LLC bought a new stake in Old Second Bancorp Inc. (NASDAQ:OSBC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 105,555 shares of the financial services provider’s stock, valued at approximately $1,441,000. FSI Group LLC owned 0.36% of Old Second Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OSBC. Voya Investment Management LLC lifted its position in shares of Old Second Bancorp by 8.7% in the 2nd quarter. Voya Investment Management LLC now owns 24,645 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 1,965 shares during the period. Northern Trust Corp lifted its position in shares of Old Second Bancorp by 1.1% in the 2nd quarter. Northern Trust Corp now owns 339,842 shares of the financial services provider’s stock worth $3,925,000 after purchasing an additional 3,732 shares during the period. Teachers Advisors LLC increased its stake in shares of Old Second Bancorp by 11.7% in the 2nd quarter. Teachers Advisors LLC now owns 51,247 shares of the financial services provider’s stock valued at $592,000 after acquiring an additional 5,360 shares in the last quarter. LSV Asset Management increased its stake in shares of Old Second Bancorp by 19.7% in the 4th quarter. LSV Asset Management now owns 33,264 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 5,464 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Old Second Bancorp by 10.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock valued at $864,000 after acquiring an additional 6,002 shares in the last quarter. 68.29% of the stock is currently owned by hedge funds and other institutional investors.

OSBC has been the topic of a number of analyst reports. BidaskClub downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Sandler O’Neill raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Old Second Bancorp presently has an average rating of “Buy” and an average target price of $13.17.

Shares of Old Second Bancorp Inc. (NASDAQ OSBC) traded down $0.15 on Friday, hitting $13.85. The stock had a trading volume of 41,100 shares, compared to its average volume of 75,579. Old Second Bancorp Inc. has a 12-month low of $10.10 and a 12-month high of $15.00. The company has a market capitalization of $414.78, a PE ratio of 17.99, a PEG ratio of 1.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80.

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

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

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