Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 366,480 shares of the financial services provider’s stock after acquiring an additional 8,134 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Old Second Bancorp were worth $6,516,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in Old Second Bancorp by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,466 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 1,500 shares during the period. Hunter Perkins Capital Management LLC boosted its stake in shares of Old Second Bancorp by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 2,095 shares during the period. Rhumbline Advisers boosted its stake in shares of Old Second Bancorp by 3.0% in the fourth quarter. Rhumbline Advisers now owns 71,545 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 2,099 shares during the period. Principal Financial Group Inc. increased its stake in Old Second Bancorp by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 35,325 shares of the financial services provider’s stock worth $628,000 after buying an additional 3,082 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Old Second Bancorp by 134.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock worth $98,000 after buying an additional 3,587 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSBC has been the subject of several recent analyst reports. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Stephens raised their price objective 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 upped their target price on Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $20.90.

Old Second Bancorp Stock Performance

Shares of OSBC stock opened at $17.06 on Tuesday. The stock has a market capitalization of $768.50 million, a price-to-earnings ratio of 9.12 and a beta of 1.04. Old Second Bancorp, Inc. has a one year low of $13.20 and a one year high of $19.46. The company’s 50-day simple moving average is $18.08 and its 200-day simple moving average is $17.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Equities analysts anticipate that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, January 31st. Old Second Bancorp’s dividend payout ratio is presently 12.83%.

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.