Old Second Bancorp, Inc. (NASDAQ:OSBC) Shares Sold by Forum Financial Management LP

Forum Financial Management LP lowered its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 80.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,837 shares of the financial services provider’s stock after selling 990,376 shares during the quarter. Forum Financial Management LP owned approximately 0.54% of Old Second Bancorp worth $4,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Old Second Bancorp by 81.3% during the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock worth $1,817,000 after purchasing an additional 52,277 shares in the last quarter. SG Americas Securities LLC boosted its stake in Old Second Bancorp by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 33,758 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 7,068 shares during the last quarter. Hunter Perkins Capital Management LLC grew its holdings in shares of Old Second Bancorp by 4.0% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 55,050 shares of the financial services provider’s stock worth $979,000 after buying an additional 2,095 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Old Second Bancorp in the fourth quarter valued at about $96,000. Finally, River Street Advisors LLC purchased a new position in shares of Old Second Bancorp in the fourth quarter worth about $3,363,000. Hedge funds and other institutional investors own 67.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OSBC shares. Stephens lowered their price target on shares of Old Second Bancorp from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their target price on shares of 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. One research 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 stock. According to MarketBeat, Old Second Bancorp presently has a consensus rating of “Buy” and an average price target of $20.10.

Old Second Bancorp Trading Down 0.7%

Shares of OSBC stock opened at $16.41 on Friday. The company’s 50-day moving average price is $16.04 and its 200-day moving average price is $17.45. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market cap of $739.37 million, a price-to-earnings ratio of 8.78 and a beta of 0.78. Old Second Bancorp, Inc. has a twelve month low of $13.38 and a twelve month high of $19.46.

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

Old Second Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, April 25th. Old Second Bancorp’s payout ratio is presently 13.11%.

Old Second Bancorp 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.