Teachers Advisors LLC Acquires 5,360 Shares of Old Second Bancorp, Inc. (OSBC)

Teachers Advisors LLC increased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,247 shares of the financial services provider’s stock after purchasing an additional 5,360 shares during the period. Teachers Advisors LLC owned approximately 0.17% of Old Second Bancorp worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of OSBC. Chicago Equity Partners LLC grew its position in Old Second Bancorp by 0.5% during the second quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock valued at $626,000 after buying an additional 265 shares during the period. Rhumbline Advisers grew its position in Old Second Bancorp by 2.2% during the second quarter. Rhumbline Advisers now owns 34,251 shares of the financial services provider’s stock valued at $396,000 after buying an additional 725 shares during the period. Prudential Financial Inc. grew its position in Old Second Bancorp by 7.4% during the first quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,100 shares during the period. American International Group Inc. grew its position in Old Second Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,175 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Old Second Bancorp by 6.6% during the first quarter. Parametric Portfolio Associates LLC now owns 36,958 shares of the financial services provider’s stock valued at $416,000 after buying an additional 2,280 shares during the period. 65.26% of the stock is owned by hedge funds and other institutional investors.

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OSBC has been the topic of several analyst reports. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.50 price target on shares of Old Second Bancorp in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Saturday, September 9th. Finally, DA Davidson initiated coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They set a “neutral” rating and a $13.00 price target on the stock. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.50.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at $12.60 on Friday. The company has a market cap of $374.78, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. Old Second Bancorp, Inc. has a 52-week low of $7.90 and a 52-week high of $14.90.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results 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 net margin of 19.91% and a return on equity of 12.34%. equities analysts expect that Old Second Bancorp, Inc. will post 0.81 EPS for the current year.

The business also recently announced 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 (DPR) is 6.45%.

In related news, Director Edward Bonifas bought 3,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ladowicz sold 9,550 shares of Old Second Bancorp stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $12.14, for a total transaction of $115,937.00. The disclosure for this sale can be found here. In the last quarter, 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 company insiders.

About Old Second Bancorp

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

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