Old Second Bancorp Inc. (NASDAQ:OSBC) Position Raised by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) by 32.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,170 shares of the financial services provider’s stock after purchasing an additional 14,815 shares during the period. First Trust Advisors LP owned approximately 0.21% of Old Second Bancorp worth $823,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. California Public Employees Retirement System grew its stake in Old Second Bancorp by 16.0% during the first quarter. California Public Employees Retirement System now owns 72,500 shares of the financial services provider’s stock worth $816,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Old Second Bancorp by 4.7% in the first quarter. Vanguard Group Inc. now owns 967,741 shares of the financial services provider’s stock valued at $10,887,000 after purchasing an additional 43,030 shares during the period. Geode Capital Management LLC raised its holdings in 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 valued at $2,373,000 after acquiring an additional 6,603 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in 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 valued at $235,000 after acquiring an additional 2,338 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings 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 acquiring an additional 8,375 shares in the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.

In other Old Second Bancorp news, 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 value of $46,700.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Ladowicz sold 10,350 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total value of $125,752.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,346 shares of company stock worth $623,302. Company insiders own 3.20% of the company’s stock.

Shares of Old Second Bancorp Inc. (NASDAQ OSBC) opened at $13.65 on Friday. The firm has a market capitalization of $371.82, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.27. Old Second Bancorp Inc. has a twelve month low of $9.65 and a twelve month high of $14.90. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%. equities analysts anticipate that Old Second Bancorp Inc. will post 0.81 earnings per share for the current fiscal year.

A number of analysts recently weighed in on OSBC shares. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, October 25th. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Sandler O’Neill raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Four investment 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 company currently has an average rating of “Buy” and an average price target of $13.50.

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About Old Second Bancorp

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

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