Russell Investments Group Ltd. increased its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 23.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 236,654 shares of the financial services provider’s stock after buying an additional 44,948 shares during the period. Russell Investments Group Ltd. owned approximately 0.80% of Old Second Bancorp worth $2,733,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ClariVest Asset Management LLC boosted its stake in shares of Old Second Bancorp by 5.4% in the first 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 in the last quarter. Prudential Financial Inc. boosted its position 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 buying an additional 1,100 shares during the period. American International Group Inc. boosted its position 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 buying an additional 1,175 shares during the period. Teachers Advisors LLC boosted its position in Old Second Bancorp by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 45,887 shares of the financial services provider’s stock valued at $507,000 after buying an additional 2,193 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position 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 buying an additional 2,280 shares during the period. Hedge funds and other institutional investors own 65.55% of the company’s stock.

Old Second Bancorp, Inc. (OSBC) traded up 0.88% on Thursday, hitting $11.45. 26,143 shares of the company traded hands. The firm has a market capitalization of $339.23 million, a PE ratio of 18.47 and a beta of 1.31. Old Second Bancorp, Inc. has a 1-year low of $7.45 and a 1-year high of $12.75. The firm’s 50 day moving average price is $11.64 and its 200 day moving average price is $11.44.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 28th were issued a $0.01 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%.

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Several research firms recently weighed in on OSBC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price objective on shares of Old Second Bancorp in a research report on Friday, July 14th. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Old Second Bancorp has an average rating of “Buy” and a consensus target price of $12.25.

In other Old Second Bancorp news, Director Edward Bonifas purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were 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 SEC, which is available at this link. Also, Director William Kane sold 10,000 shares of the business’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 value of $119,800.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 5,534 shares of company stock worth $63,672 and sold 12,000 shares worth $143,660. 3.60% of the stock is currently owned by insiders.

About Old Second Bancorp

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

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