Hunter Perkins Capital Management LLC Purchases Shares of 31,028 Old Second Bancorp, Inc. (NASDAQ:OSBC)

Hunter Perkins Capital Management LLC purchased a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,028 shares of the financial services provider’s stock, valued at approximately $436,000. Hunter Perkins Capital Management LLC owned about 0.07% of Old Second Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Dorsey Wright & Associates purchased a new position in shares of Old Second Bancorp in the fourth quarter worth about $31,000. Quadrant Capital Group LLC raised its stake in shares of Old Second Bancorp by 382.9% in the third quarter. Quadrant Capital Group LLC now owns 1,980 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,570 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Old Second Bancorp in the second quarter worth about $48,000. Tower Research Capital LLC TRC raised its stake in shares of Old Second Bancorp by 281.1% in the third quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 5,925 shares during the last quarter. Finally, Arizona State Retirement System purchased a new position in shares of Old Second Bancorp in the fourth quarter worth about $161,000. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Stock Down 0.8 %

Shares of OSBC opened at $13.12 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.26. Old Second Bancorp, Inc. has a 12 month low of $10.79 and a 12 month high of $17.80. The stock’s 50 day moving average is $12.58 and its two-hundred day moving average is $14.67. The firm has a market cap of $586.07 million, a P/E ratio of 7.54 and a beta of 1.09.

Old Second Bancorp (NASDAQ:OSBC – Get Rating) last issued its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Old Second Bancorp had a net margin of 28.18% and a return on equity of 17.58%. The business had revenue of $71.44 million during the quarter, compared to analyst estimates of $74.40 million. Analysts predict that Old Second Bancorp, Inc. will post 2.15 earnings per share for the current fiscal year.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 8th. Shareholders of record on Friday, April 28th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, April 27th. Old Second Bancorp’s payout ratio is currently 11.49%.

Analysts Set New Price Targets

OSBC has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and set a $18.00 price target on shares of Old Second Bancorp in a research report on Friday, April 21st. StockNews.com upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Raymond James reduced their price target on Old Second Bancorp from $20.00 to $18.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.00.

Old Second Bancorp Profile

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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.