Globeflex Capital L P grew its holdings in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 15.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,522 shares of the financial services provider’s stock after purchasing an additional 9,800 shares during the quarter. Globeflex Capital L P owned about 0.25% of Old Second Bancorp worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in OSBC. BlackRock Inc. grew its position in shares of Old Second Bancorp by 3.7% during the 2nd quarter. BlackRock Inc. now owns 1,976,789 shares of the financial services provider’s stock worth $28,466,000 after buying an additional 69,773 shares during the period. WBI Investments Inc. acquired a new stake in shares of Old Second Bancorp during the 2nd quarter worth approximately $366,000. Martingale Asset Management L P grew its position in shares of Old Second Bancorp by 106.7% during the 2nd quarter. Martingale Asset Management L P now owns 162,582 shares of the financial services provider’s stock worth $2,342,000 after buying an additional 83,918 shares during the period. Russell Investments Group Ltd. grew its position in shares of Old Second Bancorp by 3.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 478,200 shares of the financial services provider’s stock worth $6,886,000 after buying an additional 14,875 shares during the period. Finally, Boston Partners grew its position in shares of Old Second Bancorp by 1.6% during the 2nd quarter. Boston Partners now owns 583,800 shares of the financial services provider’s stock worth $8,407,000 after buying an additional 9,000 shares during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

Several equities research analysts have recently commented on OSBC shares. Zacks Investment Research cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Sandler O’Neill reiterated a “buy” rating and set a $18.00 price target on shares of Old Second Bancorp in a research report on Friday, July 27th. BidaskClub cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. Finally, ValuEngine cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.88.

Shares of NASDAQ:OSBC opened at $15.35 on Friday. Old Second Bancorp Inc. has a one year low of $10.75 and a one year high of $16.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The company has a market cap of $458.11 million, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). The business had revenue of $31.77 million for the quarter, compared to analyst estimates of $32.15 million. Old Second Bancorp had a return on equity of 14.42% and a net margin of 16.58%. equities research analysts forecast that Old Second Bancorp Inc. will post 1.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 6th. Investors of record on Friday, July 27th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, July 26th. Old Second Bancorp’s dividend payout ratio is currently 4.94%.

Old Second Bancorp Profile

Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.

Read More: Stock Symbols and CUSIP Explained

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

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