Equities analysts predict that Old Second Bancorp Inc. (NASDAQ:OSBC) will announce earnings of $0.31 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Old Second Bancorp’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Old Second Bancorp posted earnings of $0.29 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Old Second Bancorp will report full-year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.30. For the next year, analysts anticipate that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.29 to $1.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Old Second Bancorp.
Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Old Second Bancorp had a return on equity of 15.76% and a net margin of 23.12%.
A number of equities analysts recently commented on OSBC shares. BidaskClub upgraded Old Second Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, May 3rd. ValuEngine cut Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. FIG Partners upgraded Old Second Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Finally, Raymond James set a $15.00 price target on Old Second Bancorp and gave the stock a “buy” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.00.
In other news, EVP Keith Gottschalk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $13.07, for a total transaction of $26,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.28% of the company’s stock.
Large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan bought a new stake in shares of Old Second Bancorp during the fourth quarter worth approximately $619,000. Cigna Investments Inc. New bought a new stake in shares of Old Second Bancorp during the fourth quarter worth approximately $134,000. Rhumbline Advisers boosted its holdings in shares of Old Second Bancorp by 42.8% during the fourth quarter. Rhumbline Advisers now owns 41,112 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 12,325 shares during the period. Lodestar Investment Counsel LLC IL boosted its holdings in shares of Old Second Bancorp by 5.8% during the first quarter. Lodestar Investment Counsel LLC IL now owns 18,200 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 1,000 shares during the period. Finally, Clear Perspective Advisors LLC boosted its holdings in shares of Old Second Bancorp by 38.8% during the fourth quarter. Clear Perspective Advisors LLC now owns 45,185 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 12,636 shares during the period. Institutional investors own 69.25% of the company’s stock.
Old Second Bancorp stock traded up $0.16 during midday trading on Thursday, reaching $13.00. 34,100 shares of the company’s stock were exchanged, compared to its average volume of 66,587. Old Second Bancorp has a 52 week low of $11.32 and a 52 week high of $16.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $381.18 million, a P/E ratio of 11.61, a PEG ratio of 1.45 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 26th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is presently 3.57%.
About Old Second Bancorp
Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.
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