The Old Second Bancorp Inc. Declares Quarterly Dividend of $0.01 (osbc)

The Old Second Bancorp Inc. Declares Quarterly Dividend of $0.01 (osbc)

Old Second Bancorp Inc. (NASDAQ:osbc) announced a quarterly dividend on Wednesday, January 18th. Investors of record on Friday, January 27th will be given a dividend of 0.01 per share by the financial services provider on Monday, February 6th. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, January 25th.

Shares of Old Second Bancorp (NASDAQ:OSBC) opened at 10.30 on Thursday. The firm has a market capitalization of $304.41 million, a P/E ratio of 21.02 and a beta of 1.58. The company’s 50-day moving average is $10.34 and its 200 day moving average is $8.54. Old Second Bancorp has a 52-week low of $6.22 and a 52-week high of $11.64.

Several equities research analysts have recently weighed in on OSBC shares. TheStreet cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th.

Several large investors have recently made changes to their positions in the stock. Prudential Financial Inc. bought a new stake in shares of Old Second Bancorp during the third quarter valued at $103,000. Bank of New York Mellon Corp boosted its stake in shares of Old Second Bancorp by 11.5% in the third quarter. Bank of New York Mellon Corp now owns 129,520 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 13,342 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Old Second Bancorp by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 26,901 shares of the financial services provider’s stock valued at $184,000 after buying an additional 3,292 shares in the last quarter. FJ Capital Management LLC boosted its stake in shares of Old Second Bancorp by 16.7% in the second quarter. FJ Capital Management LLC now owns 175,000 shares of the financial services provider’s stock valued at $1,195,000 after buying an additional 25,000 shares in the last quarter. Finally, Banc Funds Co. LLC boosted its stake in shares of Old Second Bancorp by 1.5% in the second quarter. Banc Funds Co. LLC now owns 2,513,182 shares of the financial services provider’s stock valued at $17,165,000 after buying an additional 37,898 shares in the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.

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