Old Second Bancorp, Inc. (NASDAQ:OSBC) Position Reduced by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. reduced its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,557,504 shares of the financial services provider’s stock after selling 15,593 shares during the period. Old Second Bancorp makes up approximately 2.3% of Thomson Horstmann & Bryant Inc.’s investment portfolio, making the stock its largest position. Thomson Horstmann & Bryant Inc. owned 5.27% of Old Second Bancorp worth $17,989,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Old Second Bancorp by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 43,210 shares of the financial services provider’s stock valued at $486,000 after buying an additional 8,375 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Old Second Bancorp by 12.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,854 shares of the financial services provider’s stock worth $235,000 after buying an additional 2,338 shares during the period. Renaissance Technologies LLC raised its stake in shares of Old Second Bancorp by 8.2% in the first quarter. Renaissance Technologies LLC now owns 721,200 shares of the financial services provider’s stock worth $8,114,000 after buying an additional 54,900 shares during the period. Globeflex Capital L P raised its stake in shares of Old Second Bancorp by 9,572.5% in the first quarter. Globeflex Capital L P now owns 17,604 shares of the financial services provider’s stock worth $198,000 after buying an additional 17,422 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Old Second Bancorp by 3.2% in the first quarter. Geode Capital Management LLC now owns 210,956 shares of the financial services provider’s stock worth $2,373,000 after buying an additional 6,603 shares during the period. Institutional investors and hedge funds own 65.70% of the company’s stock.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) remained flat at $11.35 during mid-day trading on Friday. The company had a trading volume of 68,091 shares. The firm has a market capitalization of $336.27 million, a price-to-earnings ratio of 18.31 and a beta of 1.31. Old Second Bancorp, Inc. has a 12 month low of $7.45 and a 12 month high of $12.75. The firm has a 50 day moving average of $11.69 and a 200 day moving average of $11.42.

The company also recently announced a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Wednesday, July 26th.

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A number of brokerages recently issued reports on OSBC. BidaskClub lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 target price on shares of Old Second Bancorp in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $12.25.

In related news, Director Edward Bonifas acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $11.58 per share, with a total value of $34,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Kane sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $11.98, for a total transaction of $119,800.00. The disclosure for this sale can be found here. Over the last three months, insiders bought 47,300 shares of company stock worth $560,242 and sold 12,000 shares worth $143,660. Company insiders own 3.60% of the company’s stock.

Old Second Bancorp Company Profile

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

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