First Trust Advisors LP Acquires 12,654 Shares of Old Second Bancorp Inc. (OSBC)
First Trust Advisors LP boosted its holdings in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,759 shares of the financial services provider’s stock after purchasing an additional 12,654 shares during the quarter. First Trust Advisors LP’s holdings in Old Second Bancorp were worth $1,091,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in OSBC. State of Wisconsin Investment Board purchased a new stake in Old Second Bancorp during the first quarter valued at $1,529,000. ClariVest Asset Management LLC raised its stake in shares of Old Second Bancorp by 158.8% in the first quarter. ClariVest Asset Management LLC now owns 26,108 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 16,018 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in shares of Old Second Bancorp by 1.0% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 1,414,978 shares of the financial services provider’s stock valued at $19,668,000 after acquiring an additional 13,870 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Old Second Bancorp in the first quarter valued at $1,195,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Old Second Bancorp by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 463,325 shares of the financial services provider’s stock valued at $6,441,000 after acquiring an additional 15,400 shares during the period. 69.88% of the stock is currently owned by institutional investors.
Shares of OSBC opened at $15.35 on Tuesday. Old Second Bancorp Inc. has a twelve month low of $11.80 and a twelve month high of $16.30. The firm has a market capitalization of $455.13 million, a PE ratio of 18.95, a PEG ratio of 1.92 and a beta of 0.62. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60.
Several equities research analysts have recently weighed in on the stock. Sandler O’Neill reissued a “buy” rating and issued a $18.00 target price on shares of Old Second Bancorp in a research note on Friday, July 27th. BidaskClub raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Old Second Bancorp currently has an average rating of “Hold” and a consensus target price of $15.50.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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