Old Second Bancorp (NASDAQ:OSBC – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01), Yahoo Finance reports. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. The company had revenue of $83.83 million during the quarter, compared to the consensus estimate of $69.50 million.
Old Second Bancorp Stock Up 3.4 %
Shares of OSBC stock traded up $0.47 during mid-day trading on Friday, hitting $14.21. The company’s stock had a trading volume of 80,176 shares, compared to its average volume of 174,850. The stock has a market cap of $636.61 million, a price-to-earnings ratio of 7.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. Old Second Bancorp has a 52-week low of $10.79 and a 52-week high of $16.76. The business has a 50-day moving average price of $13.49 and a 200 day moving average price of $14.17.
Old Second Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.20 annualized dividend and a yield of 1.41%. Old Second Bancorp’s dividend payout ratio is 10.15%.
Institutional Trading of Old Second Bancorp
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a research report on Friday. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Thursday, April 4th.
Check Out Our Latest Stock Analysis on Old Second Bancorp
Old Second Bancorp Company Profile
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.
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