Old Second Bancorp, Inc. (NASDAQ:OSBC)‘s stock had its “hold” rating restated by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They currently have a $11.50 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 14.50% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, DA Davidson began coverage on shares of Old Second Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $13.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Old Second Bancorp has an average rating of “Hold” and a consensus target price of $12.17.

Shares of Old Second Bancorp (NASDAQ OSBC) traded down 0.37% during trading on Tuesday, reaching $13.45. 85,150 shares of the company were exchanged. Old Second Bancorp has a 52-week low of $7.45 and a 52-week high of $13.55. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $11.63. The firm has a market cap of $398.48 million, a price-to-earnings ratio of 21.69 and a beta of 1.37.

ILLEGAL ACTIVITY WARNING: “Old Second Bancorp, Inc. (OSBC) Receives Hold Rating from Keefe, Bruyette & Woods” was first published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.watchlistnews.com/old-second-bancorp-inc-osbc-receives-hold-rating-from-keefe-bruyette-woods/1606183.html.

In other Old Second Bancorp news, Director Edward Bonifas bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $11.58 per share, with a total value of $34,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William B. Skoglund sold 5,450 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total transaction of $66,217.50. The disclosure for this sale can be found here. In the last three months, insiders acquired 5,550 shares of company stock valued at $62,594 and sold 50,350 shares valued at $609,088. Company insiders own 3.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC raised its stake in shares of Old Second Bancorp by 0.5% in the second quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 265 shares during the last quarter. ClariVest Asset Management LLC raised its position in Old Second Bancorp by 5.4% in the 1st quarter. ClariVest Asset Management LLC now owns 9,703 shares of the financial services provider’s stock valued at $109,000 after buying an additional 496 shares during the last quarter. Rhumbline Advisers raised its position in Old Second Bancorp by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 34,251 shares of the financial services provider’s stock valued at $396,000 after buying an additional 725 shares during the last quarter. Prudential Financial Inc. raised its position in Old Second Bancorp by 7.4% in the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,100 shares during the last quarter. Finally, American International Group Inc. raised its position in Old Second Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,175 shares during the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

Old Second Bancorp Company Profile

Receive News & Ratings for Old Second Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.