Victory Capital Management Inc. Boosts Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Victory Capital Management Inc. raised its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 29.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,632 shares of the financial services provider’s stock after purchasing an additional 6,049 shares during the period. Victory Capital Management Inc.’s holdings in Old Second Bancorp were worth $474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Old Second Bancorp during the 4th quarter worth approximately $96,000. Quantbot Technologies LP increased its stake in shares of Old Second Bancorp by 134.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 3,587 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Old Second Bancorp during the 3rd quarter worth approximately $101,000. Intech Investment Management LLC purchased a new stake in shares of Old Second Bancorp during the 3rd quarter worth approximately $158,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Old Second Bancorp during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Insider Buying and Selling at Old Second Bancorp

In related news, Director Rocks Patti Temple acquired 5,625 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $17.79 per share, with a total value of $100,068.75. Following the acquisition, the director now owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. The trade was a 43.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Stock Up 0.6 %

OSBC opened at $16.92 on Friday. The company has a 50 day moving average of $18.09 and a 200 day moving average of $17.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp, Inc. has a 12 month low of $13.20 and a 12 month high of $19.46. The company has a market cap of $762.20 million, a PE ratio of 9.05 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 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, sell-side analysts expect that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Wall Street Analyst Weigh In

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

Old Second Bancorp Company Profile

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.