Insider Selling: Old Second Bancorp, Inc. (OSBC) Director Sells $119,800.00 in Stock

Old Second Bancorp, Inc. (NASDAQ:OSBC) Director William Kane sold 10,000 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Old Second Bancorp, Inc. (OSBC) traded down 0.44% during trading on Friday, reaching $11.25. The company’s stock had a trading volume of 79,764 shares. The company has a market cap of $333.30 million, a PE ratio of 18.15 and a beta of 1.31. Old Second Bancorp, Inc. has a 52-week low of $7.45 and a 52-week high of $12.75. The firm’s 50-day moving average is $11.66 and its 200 day moving average is $11.39.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 28th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, July 26th.

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Several analysts recently commented on OSBC shares. Keefe, Bruyette & Woods reaffirmed 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 raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, June 27th. ValuEngine raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $12.25.

Several large investors have recently modified their holdings of OSBC. State Street Corp increased its stake in shares of Old Second Bancorp by 19.7% in the fourth quarter. State Street Corp now owns 434,408 shares of the financial services provider’s stock worth $4,799,000 after buying an additional 71,364 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Old Second Bancorp by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 45,887 shares of the financial services provider’s stock worth $507,000 after buying an additional 2,193 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Old Second Bancorp during the fourth quarter worth $207,000. Wells Fargo & Company MN increased its stake in shares of Old Second Bancorp by 7.0% in the first quarter. Wells Fargo & Company MN now owns 75,588 shares of the financial services provider’s stock worth $851,000 after buying an additional 4,936 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Old Second Bancorp by 12.1% in the first quarter. Wedge Capital Management L L P NC now owns 79,700 shares of the financial services provider’s stock worth $897,000 after buying an additional 8,600 shares in the last quarter. 65.70% of the stock is currently owned by hedge funds and other institutional investors.

About Old Second Bancorp

Insider Buying and Selling by Quarter for Old Second Bancorp (NASDAQ:OSBC)

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