SG Americas Securities LLC Buys New Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

SG Americas Securities LLC purchased a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,641 shares of the financial services provider’s stock, valued at approximately $149,000.

Several other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Old Second Bancorp by 83.8% during the 1st quarter. JPMorgan Chase & Co. now owns 133,693 shares of the financial services provider’s stock worth $1,940,000 after buying an additional 60,965 shares during the last quarter. American Century Companies Inc. boosted its stake in Old Second Bancorp by 30.3% in the 1st quarter. American Century Companies Inc. now owns 144,154 shares of the financial services provider’s stock worth $2,092,000 after purchasing an additional 33,500 shares in the last quarter. MetLife Investment Management LLC grew its position in Old Second Bancorp by 54.2% during the 1st quarter. MetLife Investment Management LLC now owns 15,417 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 5,419 shares during the last quarter. BlackRock Inc. increased its stake in Old Second Bancorp by 9.0% during the 1st quarter. BlackRock Inc. now owns 2,173,725 shares of the financial services provider’s stock valued at $31,541,000 after purchasing an additional 179,424 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Old Second Bancorp by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 952,947 shares of the financial services provider’s stock worth $13,827,000 after buying an additional 62,934 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

OSBC opened at $13.31 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Old Second Bancorp, Inc. has a 12-month low of $10.79 and a 12-month high of $16.76. The firm has a 50 day moving average of $13.48 and a two-hundred day moving average of $14.18. The firm has a market capitalization of $596.29 million, a PE ratio of 6.59 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). Old Second Bancorp had a return on equity of 17.52% and a net margin of 28.12%. The business had revenue of $69.96 million for the quarter, compared to analysts’ expectations of $72.87 million. On average, analysts anticipate that Old Second Bancorp, Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Raymond James raised Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Thursday, April 4th.

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.