Blair William & Co. IL increased its position in Old Second Bancorp Inc. (NASDAQ:OSBC) by 21.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,891 shares of the financial services provider’s stock after purchasing an additional 20,237 shares during the period. Blair William & Co. IL’s holdings in Old Second Bancorp were worth $1,760,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Old Second Bancorp by 12.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,725 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 6,500 shares in the last quarter. Virtu Financial LLC bought a new stake in Old Second Bancorp during the third quarter worth approximately $220,000. Panagora Asset Management Inc. raised its holdings in Old Second Bancorp by 96.0% during the third quarter. Panagora Asset Management Inc. now owns 78,584 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 38,493 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new stake in Old Second Bancorp during the third quarter worth approximately $1,699,000. Finally, Shell Asset Management Co. bought a new stake in Old Second Bancorp during the third quarter worth approximately $539,000. Institutional investors and hedge funds own 69.85% of the company’s stock.
Several brokerages recently commented on OSBC. BidaskClub raised Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.00.
Shares of NASDAQ:OSBC opened at $13.51 on Friday. Old Second Bancorp Inc. has a 12 month low of $12.35 and a 12 month high of $16.30. The company has a market cap of $401.59 million, a P/E ratio of 16.68, a PEG ratio of 1.65 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55.
Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Old Second Bancorp had a return on equity of 16.05% and a net margin of 17.04%. The firm had revenue of $31.55 million for the quarter, compared to analysts’ expectations of $32.15 million. As a group, analysts anticipate that Old Second Bancorp Inc. will post 1.17 earnings per share for the current fiscal year.
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Old Second Bancorp 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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