Vanguard Group Inc. raised its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 978,261 shares of the financial services provider’s stock after purchasing an additional 10,520 shares during the period. Vanguard Group Inc. owned 3.30% of Old Second Bancorp worth $11,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. increased its position in Old Second Bancorp by 93.5% during the 2nd quarter. Prudential Financial Inc. now owns 31,040 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 15,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in Old Second Bancorp by 37.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,224 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 15,600 shares during the period. Alliancebernstein L.P. purchased a new position in Old Second Bancorp during the 2nd quarter valued at about $236,000. Trexquant Investment LP purchased a new position in Old Second Bancorp during the 2nd quarter valued at about $254,000. Finally, Seizert Capital Partners LLC purchased a new position in Old Second Bancorp during the 2nd quarter valued at about $3,639,000. 67.28% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have commented on OSBC. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 25th. BidaskClub downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. DA Davidson initiated coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Old Second Bancorp currently has a consensus rating of “Buy” and a consensus price target of $13.50.

In other news, Director John Ladowicz sold 10,350 shares of Old Second Bancorp stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $12.15, for a total value of $125,752.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William B. Skoglund sold 3,850 shares of Old Second Bancorp stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $12.13, for a total transaction of $46,700.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,346 shares of company stock worth $623,302. Insiders own 3.20% of the company’s stock.

Old Second Bancorp, Inc. (OSBC) opened at $13.20 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. Old Second Bancorp, Inc. has a 12-month low of $8.55 and a 12-month high of $14.90. The stock has a market cap of $383.67, a P/E ratio of 20.89, a PEG ratio of 2.28 and a beta of 1.34.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. research analysts forecast that Old Second Bancorp, Inc. will post 0.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Friday, October 27th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, October 26th. Old Second Bancorp’s payout ratio is currently 6.45%.

Old Second Bancorp Profile

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

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