Millennium Management LLC raised its holdings in Old Second Bancorp, Inc. (NASDAQ:OSBC) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 330,778 shares of the financial services provider’s stock after purchasing an additional 85,576 shares during the quarter. Millennium Management LLC owned 1.12% of Old Second Bancorp worth $4,515,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of OSBC. Stone Ridge Asset Management LLC purchased a new stake in Old Second Bancorp in the fourth quarter valued at $161,000. Kennedy Capital Management Inc. purchased a new stake in Old Second Bancorp in the fourth quarter valued at $166,000. Brandywine Global Investment Management LLC purchased a new stake in Old Second Bancorp in the fourth quarter valued at $188,000. Two Sigma Advisers LP purchased a new stake in Old Second Bancorp in the fourth quarter valued at $207,000. Finally, Citadel Advisors LLC purchased a new stake in Old Second Bancorp in the fourth quarter valued at $217,000. 69.04% of the stock is currently owned by institutional investors.
OSBC stock opened at $14.05 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 0.80. Old Second Bancorp, Inc. has a 52-week low of $10.75 and a 52-week high of $15.00. The stock has a market cap of $426.87, a PE ratio of 26.51, a PEG ratio of 1.96 and a beta of 0.83.
Several equities research analysts have commented on OSBC shares. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, January 4th. BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. ValuEngine raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Keefe, Bruyette & Woods raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.17.
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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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