Old Second Bancorp (OSBC) to Release Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) is expected to be posting its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Old Second Bancorp to post earnings of $0.48 per share and revenue of $59,615.67 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC opened at $18.20 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market cap of $816.27 million, a PE ratio of 9.84 and a beta of 1.08. The company’s fifty day moving average is $18.19 and its 200 day moving average is $16.90. Old Second Bancorp has a 52 week low of $13.00 and a 52 week high of $19.37.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Rocks Patti Temple bought 5,625 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $17.79 per share, with a total value of $100,068.75. Following the purchase, the director now owns 18,679 shares of the company’s stock, valued at approximately $332,299.41. This trade represents a 43.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

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.