Algert Global LLC continued to hold its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,319 shares of the financial services provider’s stock at the end of the second quarter. Algert Global LLC’s holdings in Old Second Bancorp were worth $200,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OSBC. Wellington Management Group LLP raised its stake in Old Second Bancorp by 38.3% in the first quarter. Wellington Management Group LLP now owns 2,167,385 shares of the financial services provider’s stock valued at $24,384,000 after buying an additional 600,525 shares in the last quarter. State Street Corp raised its stake in Old Second Bancorp by 19.7% in the fourth quarter. State Street Corp now owns 434,408 shares of the financial services provider’s stock valued at $4,799,000 after buying an additional 71,364 shares in the last quarter. Oxford Asset Management raised its stake in Old Second Bancorp by 627.8% in the first quarter. Oxford Asset Management now owns 76,973 shares of the financial services provider’s stock valued at $866,000 after buying an additional 66,397 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Old Second Bancorp during the second quarter valued at about $654,000. Finally, Renaissance Technologies LLC raised its stake in Old Second Bancorp by 8.2% in the first quarter. Renaissance Technologies LLC now owns 721,200 shares of the financial services provider’s stock valued at $8,114,000 after buying an additional 54,900 shares in the last quarter. 65.70% of the stock is owned by institutional investors.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at 11.25 on Friday. The stock has a market capitalization of $333.30 million, a price-to-earnings ratio of 18.15 and a beta of 1.31. The company has a 50-day moving average of $11.66 and a 200 day moving average of $11.39. Old Second Bancorp, Inc. has a 12-month low of $7.45 and a 12-month high of $12.75.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 26th.

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Several equities research analysts recently issued reports on OSBC shares. Zacks Investment Research lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 target price on shares of Old Second Bancorp in a report on Thursday, June 1st. ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $12.25.

In related news, CFO Bradley S. Adams purchased 41,800 shares of Old Second Bancorp stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average cost of $11.89 per share, for a total transaction of $497,002.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Bonifas purchased 2,500 shares of Old Second Bancorp stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $11.60 per share, with a total value of $29,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 49,616 shares of company stock valued at $586,858 and have sold 12,000 shares valued at $143,660. 3.60% of the stock is currently owned by company insiders.

Old Second Bancorp Company Profile

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Institutional Ownership by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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