Zacks Investment Research cut shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) from a buy rating to a hold rating in a research note published on Saturday morning.

According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “

Separately, TheStreet lowered Old Second Bancorp from a buy rating to a hold rating in a research report on Monday, October 24th.

Old Second Bancorp (NASDAQ:OSBC) opened at 10.35 on Friday. The stock has a 50 day moving average of $10.12 and a 200 day moving average of $8.34. Old Second Bancorp has a 52 week low of $6.22 and a 52 week high of $11.64. The company has a market cap of $305.88 million, a PE ratio of 21.12 and a beta of 1.58.

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A number of large investors have recently bought and sold shares of the stock. Banc Funds Co. LLC raised its stake in Old Second Bancorp by 2.1% in the third quarter. Banc Funds Co. LLC now owns 2,565,882 shares of the financial services provider’s stock worth $21,322,000 after buying an additional 52,700 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in Old Second Bancorp by 5.5% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 1,538,442 shares of the financial services provider’s stock worth $12,784,000 after buying an additional 80,581 shares in the last quarter. Maltese Capital Management LLC raised its stake in Old Second Bancorp by 18.5% in the second quarter. Maltese Capital Management LLC now owns 1,330,606 shares of the financial services provider’s stock worth $9,088,000 after buying an additional 207,706 shares in the last quarter. Vanguard Group Inc. raised its stake in Old Second Bancorp by 8.3% in the second quarter. Vanguard Group Inc. now owns 875,597 shares of the financial services provider’s stock worth $5,980,000 after buying an additional 67,411 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in Old Second Bancorp by 8.5% in the third quarter. BlackRock Fund Advisors now owns 803,517 shares of the financial services provider’s stock worth $6,677,000 after buying an additional 62,860 shares in the last quarter. 66.95% of the stock is currently owned by institutional investors.

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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