Hillsdale Investment Management Inc. bought a new stake in Old Second Bancorp, Inc. (NASDAQ:OSBC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 81,600 shares of the financial services provider’s stock, valued at approximately $942,000. Hillsdale Investment Management Inc. owned about 0.28% of Old Second Bancorp at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OSBC. ClariVest Asset Management LLC grew 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 purchasing an additional 496 shares during the last quarter. Menta Capital LLC purchased a new position in shares of Old Second Bancorp in the 1st quarter valued at approximately $141,000. Virtu KCG Holdings LLC purchased a new position in shares of Old Second Bancorp in the 2nd quarter valued at approximately $161,000. Prudential Financial Inc. grew 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 purchasing an additional 1,100 shares during the last quarter. Finally, Globeflex Capital L P grew 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 purchasing an additional 17,422 shares during the last quarter. Institutional investors own 65.55% of the company’s stock.

OSBC has been the topic of several analyst reports. ValuEngine upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price target on shares of Old Second Bancorp in a research note on Friday, July 14th. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, DA Davidson started coverage on Old Second Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $13.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.17.

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Shares of Old Second Bancorp, Inc. (OSBC) opened at 13.45 on Friday. Old Second Bancorp, Inc. has a 1-year low of $7.45 and a 1-year high of $13.50. The stock has a market capitalization of $398.48 million, a P/E ratio of 21.69 and a beta of 1.33. The company has a 50 day moving average price of $11.49 and a 200-day moving average price of $11.50.

In related news, Director John Ladowicz sold 8,450 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $12.11, for a total value of $102,329.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William B. Skoglund sold 3,850 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $12.13, for a total value of $46,700.50. The disclosure for this sale can be found here. Over the last three months, insiders purchased 5,550 shares of company stock valued at $62,594 and sold 50,350 shares valued at $609,088. Corporate insiders own 3.60% of the company’s stock.

About Old Second Bancorp

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

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