Old Second Bancorp, Inc. (NASDAQ:OSBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage presently has a $12.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.11% from the company’s current price.

According to Zacks, “Old Second Bancorp Inc.’s full service banking businesses include the customary consumer and commercial products and services which banks provide. The following services are included: demand, savings, time deposit, individual retirement and Keogh deposit accounts; commercial, industrial, consumer and real estate lending, including installment loans, student loans, farm loans, lines of credit and overdraft checking; safe deposit operations; trust services; and an extensive variety of additional services tailored to the needs of individual customers. “

Several other research analysts also recently weighed in on OSBC. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 price objective on shares of Old Second Bancorp in a report on Thursday, June 1st. ValuEngine upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, DA Davidson started coverage on shares of Old Second Bancorp in a report on Friday, September 1st. They set a “neutral” rating and a $13.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $12.17.

Old Second Bancorp (OSBC) opened at 10.80 on Friday. The company has a 50-day moving average of $11.49 and a 200-day moving average of $11.46. Old Second Bancorp has a 52-week low of $7.45 and a 52-week high of $12.75. The company has a market cap of $319.97 million, a P/E ratio of 17.42 and a beta of 1.33.

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In other news, Director William Kane sold 10,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Bonifas bought 3,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,550 shares of company stock valued at $62,594 and sold 12,000 shares valued at $143,660. Corporate insiders own 3.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Chicago Equity Partners LLC raised its holdings in shares of Old Second Bancorp by 0.5% in the second quarter. Chicago Equity Partners LLC now owns 54,200 shares of the financial services provider’s stock valued at $626,000 after purchasing an additional 265 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in shares of 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 valued at $109,000 after purchasing an additional 496 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Old Second Bancorp by 2.2% in the second quarter. Rhumbline Advisers now owns 34,251 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 725 shares during the last quarter. Prudential Financial Inc. raised its holdings 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 valued at $181,000 after purchasing an additional 1,100 shares during the last quarter. Finally, American International Group Inc. raised its holdings 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 valued at $199,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 65.55% of the company’s stock.

About Old Second Bancorp

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