BidaskClub upgraded shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) from a hold rating to a buy rating in a research note published on Friday.

Several other brokerages have also commented on OSBC. Zacks Investment Research lowered shares of Old Second Bancorp from a buy rating to a hold rating in a research report on Wednesday, July 5th. ValuEngine upgraded shares of Old Second Bancorp from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $10.50 target price on shares of Old Second Bancorp in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $12.25.

Old Second Bancorp (OSBC) traded up 2.98% during trading on Friday, reaching $12.10. 62,144 shares of the company’s stock were exchanged. Old Second Bancorp has a 52 week low of $7.21 and a 52 week high of $12.75. The firm has a market capitalization of $358.49 million, a price-to-earnings ratio of 19.52 and a beta of 1.31. The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $11.33.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Friday, July 28th will be given a $0.01 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.33%.

In other Old Second Bancorp news, CFO Bradley S. Adams acquired 41,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were acquired at an average cost of $11.89 per share, for a total transaction of $497,002.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward Bonifas acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $11.60 per share, for a total transaction of $29,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 50,866 shares of company stock worth $601,970 over the last quarter. Insiders own 3.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC raised its stake in 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. Menta Capital LLC acquired a new stake in Old Second Bancorp during the first quarter valued at approximately $141,000. Prudential Financial Inc. raised its stake 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 in the last quarter. Globeflex Capital L P raised its stake in Old Second Bancorp by 9,572.5% in the first 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 in the last quarter. Finally, American International Group Inc. raised its stake 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 in the last quarter. Institutional investors and hedge funds own 65.56% of the company’s stock.

About Old Second Bancorp

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