Assenagon Asset Management S.A. Has $6.48 Million Position in Old Second Bancorp, Inc. (NASDAQ:OSBC)

Assenagon Asset Management S.A. decreased its holdings in shares of Old Second Bancorp, Inc. (NASDAQ:OSBC) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,673 shares of the financial services provider’s stock after selling 78,854 shares during the period. Assenagon Asset Management S.A. owned approximately 0.81% of Old Second Bancorp worth $6,484,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Old Second Bancorp by 16.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after acquiring an additional 153,187 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Old Second Bancorp by 11.5% in the third quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 3,313 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Old Second Bancorp by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock worth $16,053,000 after purchasing an additional 22,747 shares during the last quarter. Barclays PLC lifted its holdings in shares of Old Second Bancorp by 81.3% in the third quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 52,277 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Old Second Bancorp during the third quarter valued at approximately $974,000. 67.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Second Bancorp

In other news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the purchase, the director now directly owns 18,679 shares in the company, valued at $332,299.41. This represents a 43.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OSBC shares. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Piper Sandler raised their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a report on Thursday, October 17th.

Old Second Bancorp Stock Down 0.2 %

Shares of NASDAQ:OSBC opened at $18.20 on Monday. The company has a market capitalization of $816.32 million, a PE ratio of 9.84 and a beta of 1.08. Old Second Bancorp, Inc. has a 1 year low of $13.00 and a 1 year high of $19.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $18.20 and a two-hundred day moving average price of $16.88.

About Old Second Bancorp

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.