Comerica Bank Invests $1.11 Million in Old Second Bancorp Inc. (OSBC) Stock

Comerica Bank bought a new position in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,092 shares of the financial services provider’s stock, valued at approximately $1,111,000. Comerica Bank owned 0.27% of Old Second Bancorp as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HRT Financial LLC purchased a new stake in Old Second Bancorp during the second quarter worth $173,000. Atria Investments LLC purchased a new stake in Old Second Bancorp during the third quarter worth $285,000. First Quadrant L P CA lifted its holdings in Old Second Bancorp by 480.1% during the third quarter. First Quadrant L P CA now owns 22,327 shares of the financial services provider’s stock worth $345,000 after buying an additional 18,478 shares during the period. Bank of America Corp DE lifted its holdings in Old Second Bancorp by 208.4% during the second quarter. Bank of America Corp DE now owns 22,739 shares of the financial services provider’s stock worth $327,000 after buying an additional 15,365 shares during the period. Finally, WBI Investments Inc. purchased a new stake in Old Second Bancorp during the second quarter worth $366,000. Institutional investors own 69.85% of the company’s stock.

Shares of OSBC opened at $13.38 on Friday. Old Second Bancorp Inc. has a 12 month low of $12.35 and a 12 month high of $16.30. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. The firm has a market cap of $401.59 million, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Old Second Bancorp had a return on equity of 16.05% and a net margin of 17.04%. The firm had revenue of $31.55 million during the quarter, compared to analyst estimates of $32.15 million. Analysts forecast that Old Second Bancorp Inc. will post 1.17 earnings per share for the current year.

Several analysts have recently commented on the company. BidaskClub upgraded Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, September 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Old Second Bancorp currently has an average rating of “Buy” and an average price target of $17.00.

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About Old Second Bancorp

Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.

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

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