HRT Financial LLC acquired a new stake in Old Second Bancorp Inc. (NASDAQ:OSBC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,020 shares of the financial services provider’s stock, valued at approximately $173,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hartford Investment Management Co. bought a new stake in Old Second Bancorp during the 2nd quarter worth approximately $183,000. Bank of America Corp DE grew its position in Old Second Bancorp by 208.4% during the 2nd quarter. Bank of America Corp DE now owns 22,739 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 15,365 shares during the last quarter. WBI Investments Inc. bought a new stake in Old Second Bancorp during the 2nd quarter worth approximately $366,000. Acadian Asset Management LLC grew its position in Old Second Bancorp by 188.2% during the 2nd quarter. Acadian Asset Management LLC now owns 31,858 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 20,803 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in Old Second Bancorp during the 2nd quarter worth approximately $487,000. Institutional investors own 69.87% of the company’s stock.

NASDAQ OSBC opened at $15.55 on Monday. The company has a market cap of $462.57 million, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.95 and a beta of 0.62. Old Second Bancorp Inc. has a one year low of $12.15 and a one year high of $16.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 0.83.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.07). The business had revenue of $31.77 million for the quarter, compared to the consensus estimate of $32.15 million. Old Second Bancorp had a return on equity of 14.42% and a net margin of 16.58%. analysts forecast that Old Second Bancorp Inc. will post 1.14 earnings per share for the current fiscal year.

A number of research firms recently commented on OSBC. Sandler O’Neill restated a “buy” rating and set a $18.00 price target on shares of Old Second Bancorp in a research report on Friday, July 27th. BidaskClub lowered Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. Zacks Investment Research lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Old Second Bancorp has an average rating of “Hold” and an average target price of $15.50.

About Old Second Bancorp

Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.

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

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