Renaissance Technologies LLC Boosts Stake in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Renaissance Technologies LLC raised its stake in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 721,200 shares of the financial services provider’s stock after buying an additional 54,900 shares during the period. Renaissance Technologies LLC owned about 2.44% of Old Second Bancorp worth $8,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings 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 worth $109,000 after buying an additional 496 shares during the last quarter. Menta Capital LLC acquired a new position in shares of Old Second Bancorp during the first quarter worth about $141,000. Prudential Financial Inc. boosted its position in shares of 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 worth $181,000 after buying an additional 1,100 shares in the last quarter. Globeflex Capital L P boosted its position 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 in the last quarter. Finally, American International Group Inc. boosted its position in shares of 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 worth $199,000 after buying an additional 1,175 shares in the last quarter. Institutional investors own 65.70% of the company’s stock.

Shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) opened at 11.25 on Friday. The firm’s 50 day moving average is $11.66 and its 200-day moving average is $11.39. Old Second Bancorp, Inc. has a 52 week low of $7.45 and a 52 week high of $12.75. The firm has a market cap of $333.30 million, a price-to-earnings ratio of 18.15 and a beta of 1.31.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, July 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%.

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Several equities research analysts have commented on OSBC shares. 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 shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $12.25.

In other Old Second Bancorp news, Director Edward Bonifas acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $11.60 per share, with a total value of $29,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Kane sold 10,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $11.98, for a total value of $119,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 49,616 shares of company stock valued at $586,858 and have sold 12,000 shares valued at $143,660. 3.60% of the stock is owned by company insiders.

Old Second Bancorp Company Profile

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

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