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Old Second Bancorp Inc (NASDAQ:OSBC) Wins “Buy” Rating for “Hold” from Sandler O’Neill

NewYork Old Second Bancorp Inc. NASDAQ:OSBC

Old Second Bancorp Inc (NASDAQ:OSBC) Upgrade of Rating

Trading of Old Second Bancorp Inc (NASDAQ:OSBC)’s shares is going to be interesting today. Sandler O’Neill upped the stock from a “Hold” to a “Buy”.

The stock rating upgrade is well received by stock traders, as NASDAQ:OSBC is now trading 3.64% higher at $14.25 as of 12:05 PM New York time. Old Second Bancorp Inc. shares have [From2] 0% over the past 200 days, while the S&P 500 Index has increased 6.00% during the same time.

Institutional Ownership

Consector Capital Lp had the biggest stake with ownership of 514,624 shares as of q2 2015 for 9.31% of the fund’s portfolio. Patriot Financial Partners Gp Lp is another bullish investment manager who is possessing 1.06M shares of Old Second Bancorp Inc. or 2.11% of their fund’s portfolio. Further, Thomson Horstmann & Bryant Inc have 1.87% of their fund’s portfolio invested in the company for 1.54M shares. The Illinois-based fund Banc Funds Co Llc revealed it had acquired so far a stake worth about 1.18% of the investment manager’s stock portfolio in Old Second Bancorp Inc.. The New York-based fund Maltese Capital Management Llc is also positive about the stock, possessing 2.57M shares or 1.12% of their fund’s portfolio.

Old Second Bancorp Inc (NASDAQ:OSBC) Profile

Old Second Bancorp, Inc. is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, L.L.C. The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

Old Second Bancorp Inc (NASDAQ:OSBC) traded up 3.64% on 14 December, hitting $14.25. A total of 124,746 shares of the company’s stock traded hands. This is up from average of 101,496 shares. Old Second Bancorp Inc. has a 52 week low of $7.65 and a 52 week high of $14.9. The company has a market cap of $422.19 million and a P/E ratio of 22.99.

Get the latest Old Second Bancorp Inc (NASDAQ:OSBC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Old Second Bancorp Inc (NASDAQ:OSBC) Wins “Buy” Rating for “Hold” from Sandler O’Neill appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Old Second Bancorp Inc (NASDAQ:OSBC) Wins “Buy” Rating for “Hold” from Sandler O’Neill


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