Patriot Financial Partners GP LP Takes $134,000 Position in Old Second Bancorp Inc. (NASDAQ:OSBC)

Patriot Financial Partners GP LP acquired a new stake in Old Second Bancorp Inc. (NASDAQ:OSBC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,000 shares of the financial services provider’s stock, valued at approximately $134,000. Old Second Bancorp makes up 0.0% of Patriot Financial Partners GP LP’s portfolio, making the stock its 19th biggest position.

Other large investors also recently modified their holdings of the company. Maltese Capital Management LLC lifted its position in shares of Old Second Bancorp by 16.9% in the second quarter. Maltese Capital Management LLC now owns 693,802 shares of the financial services provider’s stock valued at $8,860,000 after acquiring an additional 100,502 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Old Second Bancorp by 8.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,993 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 1,600 shares in the last quarter. Northern Trust Corp lifted its position in shares of Old Second Bancorp by 2.9% in the second quarter. Northern Trust Corp now owns 362,210 shares of the financial services provider’s stock valued at $4,625,000 after acquiring an additional 10,296 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Old Second Bancorp by 18.4% in the second quarter. Acadian Asset Management LLC now owns 43,004 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 6,673 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Old Second Bancorp in the third quarter valued at $149,000. Institutional investors and hedge funds own 69.33% of the company’s stock.

Old Second Bancorp stock traded down $0.09 during trading on Friday, hitting $12.50. The company’s stock had a trading volume of 84,100 shares, compared to its average volume of 63,395. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s fifty day moving average is $12.24 and its 200 day moving average is $12.47. The stock has a market capitalization of $378.19 million, a price-to-earnings ratio of 11.16 and a beta of 1.03. Old Second Bancorp Inc. has a 1-year low of $11.24 and a 1-year high of $15.01.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. Old Second Bancorp had a return on equity of 15.85% and a net margin of 25.69%. The business had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $33.15 million. On average, research analysts anticipate that Old Second Bancorp Inc. will post 1.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date was Thursday, October 24th. Old Second Bancorp’s dividend payout ratio is currently 3.57%.

OSBC has been the topic of several recent research reports. BidaskClub upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James set a $14.00 target price on Old Second Bancorp and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Zacks Investment Research upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Old Second Bancorp currently has a consensus rating of “Hold” and a consensus target price of $14.00.

About Old Second Bancorp

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.

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

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