2 weeks Ago By ABMN Staff
Federated Hermes Inc. lessened its position in shares of Old Second Bancorp, Inc. ( NASDAQ:OSBC – Free Report ) by 21.
0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,181 shares of the financial services provider’s stock after selling 3,231 shares during the period. Federated Hermes Inc.
’s holdings in Old Second Bancorp were worth $217,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of OSBC. Quantbot Technologies LP grew its holdings in shares of Old Second Bancorp by 20.
2% during the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,264 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Old Second Bancorp by 15.
1% during 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 in the last quarter. Envestnet Asset Management Inc.
lifted its position in shares of Old Second Bancorp by 10.6% in the fourth quarter. Envestnet Asset Management Inc.
now owns 20,364 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 1,955 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its holdings in 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 purchasing an additional 2,095 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Old Second Bancorp by 3.0% during the fourth quarter.
Rhumbline Advisers now owns 71,545 shares of the financial services provider’s stock worth $1,272,000 after purchasing an additional 2,099 shares during the last quarter. Institutional investors and hedge funds own 67.76% of the company’s stock.
Old Second Bancorp Stock Up 0.1 % Shares of OSBC stock opened at $14.78 on Friday.
Old Second Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $19.
46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.
84 and a current ratio of 0.84. The stock has a market cap of $665.
79 million, a price-to-earnings ratio of 7.90 and a beta of 0.84.
The firm’s 50-day moving average is $16.74 and its 200-day moving average is $17.39.
Old Second Bancorp Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be issued a dividend of $0.06 per share.
This represents a $0.24 annualized dividend and a dividend yield of 1.62%.
The ex-dividend date is Friday, April 25th. Old Second Bancorp’s payout ratio is 12.83%.
Wall Street Analysts Forecast Growth Several brokerages have commented on OSBC. Stephens boosted their price target on shares of Old Second Bancorp from $21.00 to $22.
00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods upped their target price on Old Second Bancorp from $22.00 to $24.
00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Old Second Bancorp currently has an average rating of “Buy” and an average target price of $20.
90. View Our Latest Report on OSBC About Old Second Bancorp ( Free Report ) 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. See Also Want to see what other hedge funds are holding OSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Second Bancorp, Inc.
( NASDAQ:OSBC – Free Report ). Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
.
