Connor Clark & Lunn Investment Management Ltd. raised its holdings in Old Second Bancorp Inc. (NASDAQ:OSBC) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,993 shares of the financial services provider’s stock after acquiring an additional 1,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Old Second Bancorp worth $255,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Old Second Bancorp during the first quarter worth approximately $60,000. Aperio Group LLC purchased a new stake in Old Second Bancorp in the 2nd quarter valued at $66,000. Kavar Capital Partners LLC purchased a new stake in Old Second Bancorp in the 2nd quarter valued at $77,000. BNP Paribas Arbitrage SA raised its position in Old Second Bancorp by 499.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock valued at $76,000 after buying an additional 5,038 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Old Second Bancorp in the 1st quarter valued at $119,000. Hedge funds and other institutional investors own 69.40% of the company’s stock.
A number of equities research analysts recently commented on the company. BidaskClub lowered Old Second Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Raymond James set a $14.00 price objective on Old Second Bancorp and gave the company a “buy” rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Old Second Bancorp presently has a consensus rating of “Hold” and an average target price of $14.00.
Shares of OSBC stock traded down $0.06 on Friday, hitting $12.84. 6,984 shares of the stock were exchanged, compared to its average volume of 57,632. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $373.11 million, a PE ratio of 11.54, a P/E/G ratio of 1.47 and a beta of 1.02. Old Second Bancorp Inc. has a one year low of $11.24 and a one year high of $15.75. The firm’s 50 day moving average is $12.19 and its two-hundred day moving average is $12.81.
Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.60 million. Old Second Bancorp had a return on equity of 15.20% and a net margin of 24.90%. On average, sell-side analysts expect that Old Second Bancorp Inc. will post 1.21 earnings per share for the current year.
Old Second Bancorp Profile
Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.
Featured Story: Trading based on a resistance level
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.