Old Second Bancorp, Inc. (OSBC) Downgraded by BidaskClub

Old Second Bancorp, Inc. (NASDAQ:OSBC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently weighed in on OSBC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $10.50 price target on shares of Old Second Bancorp in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, May 3rd. Finally, ValuEngine upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.25.

Old Second Bancorp (OSBC) traded down 0.44% during trading on Friday, hitting $11.25. 40,325 shares of the stock were exchanged. Old Second Bancorp has a 1-year low of $7.36 and a 1-year high of $12.75. The firm’s 50 day moving average price is $11.66 and its 200-day moving average price is $11.38. The stock has a market cap of $333.30 million, a price-to-earnings ratio of 18.15 and a beta of 1.31.

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In other news, CFO Bradley S. Adams acquired 41,800 shares of the stock in a transaction on Thursday, June 1st. The shares were purchased at an average price of $11.89 per share, for a total transaction of $497,002.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward Bonifas acquired 2,816 shares of the stock in a transaction on Friday, May 19th. The shares were purchased at an average price of $11.49 per share, for a total transaction of $32,355.84. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 49,616 shares of company stock worth $586,858 and have sold 12,000 shares worth $143,660. 3.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. ClariVest Asset Management LLC boosted its position 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 during the last quarter. American International Group Inc. boosted its position 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 during the last quarter. Prudential Financial Inc. boosted its position 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 during the last quarter. Martingale Asset Management L P boosted its position in Old Second Bancorp by 7.9% in the first quarter. Martingale Asset Management L P now owns 58,529 shares of the financial services provider’s stock valued at $659,000 after buying an additional 4,305 shares during the last quarter. Finally, Oxford Asset Management boosted its position in Old Second Bancorp by 627.8% in the first quarter. Oxford Asset Management now owns 76,973 shares of the financial services provider’s stock valued at $866,000 after buying an additional 66,397 shares during the last quarter. Hedge funds and other institutional investors own 65.70% of the company’s stock.

Old Second Bancorp Company Profile

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