Deutsche Bank AG bought a new position in Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 51,034 shares of the financial services provider's stock, valued at approximately $1,190,000. Deutsche Bank AG owned approximately 0.10% of Old Second Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in Old Second Bancorp by 1.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 28,606 shares of the financial services provider's stock valued at $519,000 after purchasing an additional 493 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Old Second Bancorp by 32.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,523 shares of the financial services provider's stock worth $49,000 after purchasing an additional 622 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Old Second Bancorp by 0.8% in the 4th quarter. Russell Investments Group Ltd. now owns 112,121 shares of the financial services provider's stock worth $2,186,000 after purchasing an additional 908 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Old Second Bancorp by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider's stock valued at $430,000 after purchasing an additional 1,067 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Old Second Bancorp by 458.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,480 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,215 shares during the period. 67.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OSBC has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Old Second Bancorp in a research note on Wednesday. Zacks Research upgraded shares of Old Second Bancorp from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Piper Sandler reaffirmed an "overweight" rating and set a $30.00 price target (up from $26.00) on shares of Old Second Bancorp in a research note on Monday, July 27th. DA Davidson upped their price target on shares of Old Second Bancorp from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Raymond James Financial started coverage on shares of Old Second Bancorp in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $26.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Old Second Bancorp presently has an average rating of "Buy" and a consensus price target of $25.40.

Get Our Latest Stock Report on Old Second Bancorp

Old Second Bancorp Stock Performance

OSBC stock opened at $25.24 on Monday. The company has a market capitalization of $1.28 billion, a PE ratio of 14.51 and a beta of 0.70. Old Second Bancorp, Inc. has a 12 month low of $16.65 and a 12 month high of $26.06. The firm's 50-day moving average is $24.33 and its 200 day moving average is $21.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.79%. On average, research analysts anticipate that Old Second Bancorp, Inc. will post 2.2 EPS for the current year.

Old Second Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 31st were issued a $0.07 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Old Second Bancorp's payout ratio is presently 16.09%.

Insider Transactions at Old Second Bancorp

In other Old Second Bancorp news, CEO James Eccher sold 55,687 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $25.46, for a total transaction of $1,417,791.02. Following the transaction, the chief executive officer directly owned 322,712 shares in the company, valued at $8,216,247.52. This trade represents a 14.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Old Second Bancorp Company Profile

(Free Report)

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.

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