Ajo LP grew its position in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 71.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 397,493 shares of the financial services provider’s stock after buying an additional 165,968 shares during the period. Ajo LP owned 1.34% of Old Second Bancorp worth $4,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSBC. ClariVest Asset Management LLC increased its stake in shares of 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 period. Menta Capital LLC acquired a new stake in shares of Old Second Bancorp in the 1st quarter valued at $141,000. Prudential Financial Inc. increased its stake in shares of 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 period. Globeflex Capital L P increased its stake in shares of Old Second Bancorp by 9,572.5% in the 1st quarter. Globeflex Capital L P now owns 17,604 shares of the financial services provider’s stock valued at $198,000 after buying an additional 17,422 shares during the period. Finally, American International Group Inc. increased its stake in shares of 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 period. 65.55% of the stock is owned by institutional investors.

In other Old Second Bancorp news, Director William Kane sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $11.98, for a total transaction of $119,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Bonifas purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 5,550 shares of company stock valued at $62,594 and sold 12,000 shares valued at $143,660. Corporate insiders own 3.60% of the company’s stock.

Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at 11.80 on Friday. Old Second Bancorp, Inc. has a 12-month low of $7.45 and a 12-month high of $12.75. The company has a market capitalization of $349.60 million, a price-to-earnings ratio of 19.03 and a beta of 1.33. The firm’s 50-day moving average price is $11.47 and its 200 day moving average price is $11.48.

Several equities research analysts have recently commented on OSBC shares. Zacks Investment Research cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 price objective on shares of Old Second Bancorp in a research note on Thursday, June 1st. BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, ValuEngine raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $12.17.

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Old Second Bancorp Company Profile

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

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