Old Second Bancorp, Inc. (OSBC) Shares Bought by Boston Partners

Boston Partners raised its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 52.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,600 shares of the financial services provider’s stock after acquiring an additional 194,800 shares during the period. Boston Partners owned approximately 1.90% of Old Second Bancorp worth $7,580,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Seizert Capital Partners LLC acquired a new stake in shares of Old Second Bancorp in the second quarter valued at approximately $3,639,000. AJO LP raised its position in shares of Old Second Bancorp by 71.7% in the second quarter. AJO LP now owns 397,493 shares of the financial services provider’s stock valued at $4,591,000 after buying an additional 165,968 shares in the last quarter. OxFORD Asset Management LLP raised its position in shares of Old Second Bancorp by 126.9% in the second quarter. OxFORD Asset Management LLP now owns 174,656 shares of the financial services provider’s stock valued at $2,017,000 after buying an additional 97,683 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Old Second Bancorp in the second quarter valued at approximately $1,031,000. Finally, Adams Diversified Equity Fund Inc. acquired a new stake in shares of Old Second Bancorp in the third quarter valued at approximately $1,135,000. Institutional investors own 66.65% of the company’s stock.

In other news, Director John Ladowicz sold 8,450 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $12.11, for a total transaction of $102,329.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $12.13, for a total transaction of $46,700.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,346 shares of company stock valued at $623,302. Company insiders own 3.60% of the company’s stock.

A number of equities research analysts have recently weighed in on OSBC shares. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Saturday, September 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 price target on shares of Old Second Bancorp in a research report on Thursday, July 27th. DA Davidson started coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 price target for the company. Finally, ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.50.

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Old Second Bancorp, Inc. (OSBC) opened at $12.60 on Friday. Old Second Bancorp, Inc. has a 1 year low of $8.55 and a 1 year high of $14.90. The company has a market cap of $373.30, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Friday, October 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.04 annualized dividend and a yield of 0.32%. Old Second Bancorp’s dividend payout ratio is currently 6.45%.

Old Second Bancorp Company Profile

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

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