DA Davidson began coverage on shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) in a research note issued to investors on Friday. The brokerage set a “neutral” rating and a $13.00 price target on the financial services provider’s stock. DA Davidson’s target price would suggest a potential upside of 13.54% from the company’s previous close.

A number of other brokerages also recently commented on OSBC. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price target on shares of Old Second Bancorp in a report on Friday, July 14th. BidaskClub downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, ValuEngine raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.50.

Shares of Old Second Bancorp (OSBC) remained flat at $11.45 during trading on Friday. 41,991 shares of the stock traded hands. The firm has a market cap of $339.23 million, a price-to-earnings ratio of 18.47 and a beta of 1.33. The stock’s 50-day moving average is $11.57 and its 200-day moving average is $11.46. Old Second Bancorp has a 1-year low of $7.45 and a 1-year high of $12.75.

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In other Old Second Bancorp news, Director William Kane sold 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $11.98, for a total transaction of $119,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward Bonifas bought 3,000 shares of Old Second Bancorp stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $11.58 per share, for a total transaction of $34,740.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 5,534 shares of company stock worth $63,672 and have sold 12,000 shares worth $143,660. Company insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSBC. Bank of New York Mellon Corp lifted its holdings in Old Second Bancorp by 8.6% during the 1st quarter. Bank of New York Mellon Corp now owns 176,286 shares of the financial services provider’s stock worth $1,984,000 after buying an additional 14,020 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Old Second Bancorp by 7.4% during the 1st quarter. Prudential Financial Inc. now owns 16,040 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 1,100 shares during the period. Menta Capital LLC acquired a new stake in shares of Old Second Bancorp during the 1st quarter worth approximately $141,000. Vanguard Group Inc. raised its position in shares of Old Second Bancorp by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 967,741 shares of the financial services provider’s stock worth $10,887,000 after purchasing an additional 43,030 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Old Second Bancorp by 38.3% during the 1st quarter. Wellington Management Group LLP now owns 2,167,385 shares of the financial services provider’s stock worth $24,384,000 after purchasing an additional 600,525 shares during the period. 65.55% of the stock is currently owned by institutional investors.

About Old Second Bancorp

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