Cubist Systematic Strategies LLC Acquires 16,756 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Cubist Systematic Strategies LLC lifted its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 52.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,823 shares of the financial services provider’s stock after purchasing an additional 16,756 shares during the period. Cubist Systematic Strategies LLC owned 0.11% of Old Second Bancorp worth $868,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in OSBC. Boothbay Fund Management LLC bought a new position in shares of Old Second Bancorp in the fourth quarter worth about $6,084,000. River Street Advisors LLC bought a new position in Old Second Bancorp during the fourth quarter valued at about $3,363,000. Vanguard Group Inc. increased its stake in Old Second Bancorp by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 2,637,718 shares of the financial services provider’s stock valued at $46,899,000 after acquiring an additional 181,783 shares during the period. Dimensional Fund Advisors LP increased its stake in Old Second Bancorp by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,019,433 shares of the financial services provider’s stock valued at $35,906,000 after acquiring an additional 134,455 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in Old Second Bancorp by 50.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 372,120 shares of the financial services provider’s stock valued at $6,616,000 after acquiring an additional 124,336 shares during the period. 67.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OSBC shares. Keefe, Bruyette & Woods lowered their price target on Old Second Bancorp from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Stephens lowered their price target on Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.10.

Old Second Bancorp Trading Down 1.0%

Shares of OSBC opened at $17.01 on Thursday. Old Second Bancorp, Inc. has a 12-month low of $13.38 and a 12-month high of $19.46. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $766.25 million, a price-to-earnings ratio of 9.10 and a beta of 0.78. The stock’s 50-day moving average price is $15.98 and its 200 day moving average price is $17.43.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. The company had revenue of $73.57 million during the quarter, compared to the consensus estimate of $60.00 million. As a group, research analysts predict that Old Second Bancorp, Inc. will post 1.86 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.41%. Old Second Bancorp’s dividend payout ratio is currently 13.11%.

About Old Second Bancorp

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.