Old Second Bancorp, Inc. (OSBC) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its position in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,567 shares of the financial services provider’s stock after selling 8,643 shares during the quarter. Goldman Sachs Group Inc. owned 0.12% of Old Second Bancorp worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Old Second Bancorp by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 978,261 shares of the financial services provider’s stock worth $11,299,000 after purchasing an additional 10,520 shares during the period. Renaissance Technologies LLC raised its holdings in Old Second Bancorp by 8.2% in the 1st quarter. Renaissance Technologies LLC now owns 721,200 shares of the financial services provider’s stock worth $8,114,000 after purchasing an additional 54,900 shares during the period. AJO LP raised its holdings in Old Second Bancorp by 71.7% in the 2nd quarter. AJO LP now owns 397,493 shares of the financial services provider’s stock worth $4,591,000 after purchasing an additional 165,968 shares during the period. Boston Partners raised its holdings in Old Second Bancorp by 9.7% in the 2nd quarter. Boston Partners now owns 368,800 shares of the financial services provider’s stock worth $4,260,000 after purchasing an additional 32,500 shares during the period. Finally, Northern Trust Corp raised its holdings in Old Second Bancorp by 1.1% in the 2nd quarter. Northern Trust Corp now owns 339,842 shares of the financial services provider’s stock worth $3,925,000 after purchasing an additional 3,732 shares during the period. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Old Second Bancorp, Inc. (NASDAQ OSBC) opened at $12.55 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $370.34, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Old Second Bancorp, Inc. has a twelve month low of $8.55 and a twelve month high of $14.90.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, beating the Zacks’ 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 research analysts predict that Old Second Bancorp, Inc. will post 0.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Friday, October 27th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, October 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Old Second Bancorp’s dividend payout ratio is presently 6.45%.

In other Old Second Bancorp news, CEO William B. Skoglund sold 3,850 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.13, for a total transaction of $46,700.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Ladowicz sold 10,096 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $14.40, for a total value of $145,382.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,346 shares of company stock worth $623,302. Insiders own 3.60% of the company’s stock.

A number of brokerages recently commented on OSBC. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Wednesday, October 25th. ValuEngine cut Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.50 target price on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Finally, BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $13.50.

Old Second Bancorp Company Profile

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

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