Criterion Capital Advisors LLC Acquires New Holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Criterion Capital Advisors LLC acquired a new stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,984 shares of the financial services provider’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSBC. Quantbot Technologies LP bought a new position in Old Second Bancorp during the third quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC grew its holdings in Old Second Bancorp by 86.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,152 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Old Second Bancorp during the second quarter valued at approximately $48,000. Tower Research Capital LLC TRC grew its holdings in Old Second Bancorp by 281.1% during the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 5,925 shares during the last quarter. Finally, UBS Group AG grew its holdings in Old Second Bancorp by 140.8% during the second quarter. UBS Group AG now owns 11,068 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,471 shares during the last quarter. Institutional investors own 67.76% of the company’s stock.

Old Second Bancorp Stock Performance

OSBC traded up $0.69 during trading on Friday, reaching $14.43. 232,046 shares of the company’s stock were exchanged, compared to its average volume of 161,861. Old Second Bancorp, Inc. has a fifty-two week low of $10.79 and a fifty-two week high of $16.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $13.51 and a 200 day moving average price of $14.18. The company has a market capitalization of $646.46 million, a P/E ratio of 7.32 and a beta of 1.10.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. The business had revenue of $83.83 million during the quarter, compared to the consensus estimate of $69.50 million. As a group, analysts predict that Old Second Bancorp, Inc. will post 1.88 earnings per share for the current fiscal year.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 26th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Old Second Bancorp’s dividend payout ratio is 10.15%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stephens reiterated an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a report on Friday. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Thursday, April 4th.

Old Second Bancorp Company Profile

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.