Today: Today, State Board of Administration of Florida Retirement System reached $233,000 position of Old Second Bancorp Inc. (OSBC)

Today, State Board of Administration of Florida Retirement System reached $233,000 position  of Old Second Bancorp Inc. (OSBC)

State Board of Administration of Florida Retirement System held its stake in shares of Old Second Bancorp Inc. (NASDAQ:OSBC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,070 shares of the financial services provider’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Old Second Bancorp worth $233,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Spark Investment Management LLC purchased a new stake in shares of Old Second Bancorp during the first quarter valued at $137,000. Bank of New York Mellon Corp boosted its stake in Old Second Bancorp by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 116,178 shares of the financial services provider’s stock valued at $793,000 after buying an additional 7,478 shares in the last quarter. RMB Capital Management LLC boosted its stake in Old Second Bancorp by 10.9% in the second quarter. RMB Capital Management LLC now owns 122,370 shares of the financial services provider’s stock valued at $836,000 after buying an additional 12,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Old Second Bancorp by 3.3% in the first quarter. Geode Capital Management LLC now owns 168,515 shares of the financial services provider’s stock valued at $1,208,000 after buying an additional 5,431 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Old Second Bancorp during the second quarter valued at approximately $2,032,000. 66.10% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Inc. (NASDAQ:OSBC) remained flat at $8.10 during midday trading on Tuesday. The stock had a trading volume of 9,054 shares. The firm has a market cap of $239.39 million, a P/E ratio of 16.53 and a beta of 1.24. Old Second Bancorp Inc. has a 52 week low of $6.20 and a 52 week high of $8.65. The stock’s 50-day moving average price is $8.17 and its 200-day moving average price is $7.44.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. Old Second Bancorp had a net margin of 15.53% and a return on equity of 9.42%. Equities research analysts forecast that Old Second Bancorp Inc. will post $0.54 EPS for the current fiscal year.

Several research firms have recently commented on OSBC. Keefe, Bruyette & Woods raised their target price on shares of Old Second Bancorp from $7.50 to $8.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, August 3rd.

In other Old Second Bancorp news, Director Barry Finn acquired 10,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average cost of $8.27 per share, with a total value of $82,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rocks Patti Temple acquired 6,000 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was acquired at an average cost of $8.10 per share, with a total value of $48,600.00. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.

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