Hudson Edge Investment Partners Inc. Purchases 6,271 Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hudson Edge Investment Partners Inc. increased its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,633 shares of the financial services provider’s stock after purchasing an additional 6,271 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Old Second Bancorp were worth $758,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OSBC. R Squared Ltd bought a new stake in Old Second Bancorp during the fourth quarter worth about $96,000. Quantbot Technologies LP boosted its holdings in shares of 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 acquiring an additional 3,587 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Old Second Bancorp during the 3rd quarter worth approximately $101,000. CWM LLC increased its holdings in Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,123 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Old Second Bancorp in the 3rd quarter valued at $158,000. 67.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OSBC. Stephens restated an “overweight” rating and set a $21.00 target price on shares of Old Second Bancorp in a report on Thursday, January 23rd. 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.

Old Second Bancorp Stock Down 2.2 %

NASDAQ:OSBC opened at $18.33 on Friday. The company has a market cap of $822.10 million, a price-to-earnings ratio of 9.80 and a beta of 1.07. 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’s fifty day moving average price is $18.30 and its two-hundred day moving average price is $17.32. Old Second Bancorp, Inc. has a 52-week low of $13.00 and a 52-week high of $19.46.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share (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, analysts anticipate that Old Second Bancorp, Inc. will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a yield of 1.31%. Old Second Bancorp’s payout ratio is presently 12.83%.

Insider Activity

In related news, Director Rocks Patti Temple purchased 5,625 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $17.79 per share, with a total value of $100,068.75. Following the purchase, the director now directly owns 18,679 shares in the company, valued at $332,299.41. This trade represents a 43.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

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.