Old Second Bancorp, Inc. (NASDAQ:OSBC) Short Interest Update

Old Second Bancorp, Inc. (NASDAQ:OSBC) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 611,800 shares, a growth of 22.0% from the March 15th total of 501,400 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 236,700 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On Old Second Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSBC. Quarry LP increased its position in shares of Old Second Bancorp by 70.1% in the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 974 shares during the period. GAMMA Investing LLC grew its stake in shares of Old Second Bancorp by 4,125.0% in the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 5,280 shares during the last quarter. R Squared Ltd purchased a new position in Old Second Bancorp during the 4th quarter valued at about $96,000. Quantbot Technologies LP raised its position in Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in Old Second Bancorp by 47.3% in the 4th quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider’s stock worth $141,000 after buying an additional 2,556 shares during the period. 67.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OSBC shares. Keefe, Bruyette & Woods boosted their price objective on Old Second Bancorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Stephens lifted their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Old Second Bancorp presently has a consensus rating of “Buy” and a consensus target price of $20.90.

Old Second Bancorp Trading Down 0.7 %

Shares of OSBC stock traded down $0.10 on Monday, hitting $14.68. 209,054 shares of the company’s stock traded hands, compared to its average volume of 252,512. The stock has a market capitalization of $661.29 million, a price-to-earnings ratio of 7.85 and a beta of 0.84. The company’s fifty day simple moving average is $16.74 and its 200 day simple moving average is $17.43. Old Second Bancorp has a one year low of $13.26 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. Equities analysts forecast that Old Second Bancorp will post 1.86 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, April 25th. Old Second Bancorp’s dividend payout ratio is 12.83%.

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.