Keefe, Bruyette & Woods reiterated their hold rating on shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in a report released on Thursday morning. The brokerage currently has a $11.50 target price on the financial services provider’s stock.

OSBC has been the topic of a number of other reports. Zacks Investment Research raised Old Second Bancorp from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Tuesday, June 27th. ValuEngine raised Old Second Bancorp from a hold rating to a buy rating in a report on Friday, June 2nd.

Old Second Bancorp (OSBC) traded up 1.068% during mid-day trading on Thursday, hitting $11.825. The stock had a trading volume of 12,703 shares. The stock has a market cap of $350.34 million, a price-to-earnings ratio of 19.073 and a beta of 1.32. Old Second Bancorp has a 12 month low of $7.21 and a 12 month high of $12.75. The stock’s 50-day moving average price is $11.70 and its 200-day moving average price is $11.30.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Friday, July 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, July 26th.

In other news, CFO Bradley S. Adams acquired 41,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were acquired at an average cost of $11.89 per share, with a total value of $497,002.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Bonifas acquired 2,816 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $11.49 per share, for a total transaction of $32,355.84. The disclosure for this purchase can be found here. Insiders bought 50,866 shares of company stock worth $601,970 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in OSBC. Highbridge Capital Management LLC purchased a new position in shares of Old Second Bancorp during the fourth quarter worth $207,000. Menta Capital LLC purchased a new position in shares of Old Second Bancorp during the first quarter worth $141,000. Wedge Capital Management L L P NC raised its position in shares of Old Second Bancorp by 12.1% in the first quarter. Wedge Capital Management L L P NC now owns 79,700 shares of the financial services provider’s stock worth $897,000 after buying an additional 8,600 shares in the last quarter. Globeflex Capital L P raised its position in shares of Old Second Bancorp by 9,572.5% in the first quarter. Globeflex Capital L P now owns 17,604 shares of the financial services provider’s stock worth $198,000 after buying an additional 17,422 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of 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 worth $181,000 after buying an additional 1,100 shares in the last quarter. 65.56% of the stock is currently owned by institutional investors and hedge funds.

About Old Second Bancorp

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