Schwab Charles Investment Management Inc. raised its stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,224 shares of the financial services provider’s stock after acquiring an additional 15,600 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.19% of Old Second Bancorp worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in Old Second Bancorp by 7.4% in the first quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 1,100 shares during the last quarter. American International Group Inc. boosted its stake in Old Second Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 17,704 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,175 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Old Second Bancorp by 12.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 2,338 shares during the last quarter. Trexquant Investment LP purchased a new position in Old Second Bancorp in the second quarter valued at about $254,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Old Second Bancorp by 6.6% in the first quarter. Parametric Portfolio Associates LLC now owns 36,958 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 2,280 shares during the last quarter. Hedge funds and other institutional investors own 65.02% of the company’s stock.

In other Old Second Bancorp news, Director Edward Bonifas acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $11.58 per share, with a total value of $34,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Kane sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $11.98, for a total transaction of $119,800.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 5,550 shares of company stock worth $62,594 and sold 58,946 shares worth $737,610. Company insiders own 3.60% of the company’s stock.

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Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a net margin of 16.82% and a return on equity of 10.30%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Friday, October 27th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Thursday, October 26th. Old Second Bancorp’s payout ratio is 6.45%.

OSBC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 target price on shares of Old Second Bancorp in a research note on Friday, July 14th. DA Davidson initiated coverage on shares of Old Second Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $13.00 target price on the stock. BidaskClub cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Finally, ValuEngine cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Old Second Bancorp has an average rating of “Buy” and an average target price of $13.50.

Old Second Bancorp Company Profile

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

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