California Public Employees Retirement System increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,700 shares of the financial services provider’s stock after acquiring an additional 6,200 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Old Second Bancorp worth $909,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Old Second Bancorp by 1.1% in the second quarter. Vanguard Group Inc. now owns 978,261 shares of the financial services provider’s stock valued at $11,299,000 after purchasing an additional 10,520 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Old Second Bancorp by 8.2% in the first quarter. Renaissance Technologies LLC now owns 721,200 shares of the financial services provider’s stock valued at $8,114,000 after purchasing an additional 54,900 shares during the last quarter. AJO LP grew its holdings in Old Second Bancorp by 71.7% in the second quarter. AJO LP now owns 397,493 shares of the financial services provider’s stock valued at $4,591,000 after purchasing an additional 165,968 shares during the last quarter. Boston Partners grew its holdings in Old Second Bancorp by 9.7% in the second quarter. Boston Partners now owns 368,800 shares of the financial services provider’s stock valued at $4,260,000 after purchasing an additional 32,500 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Old Second Bancorp by 1.1% in the second quarter. Northern Trust Corp now owns 339,842 shares of the financial services provider’s stock valued at $3,925,000 after purchasing an additional 3,732 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at $12.50 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp, Inc. has a 12-month low of $8.55 and a 12-month high of $14.90. The stock has a market capitalization of $368.86, a price-to-earnings ratio of 20.08, a PEG ratio of 2.20 and a beta of 1.34.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. sell-side analysts anticipate that Old Second Bancorp, Inc. will post 0.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Friday, October 27th were given a $0.01 dividend. The ex-dividend date was Thursday, October 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. Old Second Bancorp’s dividend payout ratio is currently 6.45%.

Several research firms have weighed in on OSBC. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday, October 25th. ValuEngine lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.50 target price on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Old Second Bancorp currently has an average rating of “Buy” and a consensus price target of $13.50.

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In related news, Director John Ladowicz sold 9,550 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.14, for a total transaction of $115,937.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward Bonifas bought 3,000 shares of Old Second Bancorp stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $11.58 per share, for a total transaction of $34,740.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,550 shares of company stock worth $62,594 and sold 49,346 shares worth $623,302. 3.60% of the stock is owned by corporate insiders.

Old Second Bancorp Company Profile

Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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