First Trust Advisors LP boosted its holdings in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,170 shares of the financial services provider’s stock after acquiring an additional 14,815 shares during the period. First Trust Advisors LP owned about 0.21% of Old Second Bancorp worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of OSBC. Schwab Charles Investment Management Inc. raised its position in shares of Old Second Bancorp by 37.5% in 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 last quarter. Vanguard Group Inc. lifted its holdings in Old Second Bancorp by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 967,741 shares of the financial services provider’s stock valued at $10,887,000 after purchasing an additional 43,030 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Old Second Bancorp by 93.5% in 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 in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Old Second Bancorp in the 2nd quarter valued at $942,000. Finally, Numeric Investors LLC purchased a new position in shares of Old Second Bancorp during the 2nd quarter worth $283,000. Institutional investors own 68.36% of the company’s stock.

Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) opened at $12.75 on Thursday. Old Second Bancorp Inc. has a 52 week low of $9.40 and a 52 week high of $14.90. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $385.15, a P/E ratio of 16.88, a PEG ratio of 2.29 and a beta of 1.27.

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

OSBC has been the subject of a number of analyst reports. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, October 25th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, DA Davidson initiated coverage on Old Second Bancorp in a research note on Friday, September 1st. They issued a “neutral” rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Old Second Bancorp currently has a consensus rating of “Buy” and an average target price of $13.50.

In other Old Second Bancorp news, Director John Ladowicz sold 10,350 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total value of $125,752.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William B. Skoglund sold 3,850 shares of the company’s stock in a transaction on Monday, September 18th. The shares were 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. Insiders have sold 49,346 shares of company stock worth $623,302 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

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Old Second Bancorp Profile

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

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