Old Second Bancorp (OSBC) Scheduled to Post Quarterly Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) will be releasing its earnings data after the market closes on Wednesday, October 16th. Analysts expect Old Second Bancorp to post earnings of $0.48 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Old Second Bancorp had a return on equity of 14.83% and a net margin of 25.62%. The business had revenue of $70.82 million during the quarter, compared to analyst estimates of $70.03 million. On average, analysts expect Old Second Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Old Second Bancorp Price Performance

Shares of OSBC stock opened at $15.49 on Monday. The firm has a market capitalization of $694.66 million, a price-to-earnings ratio of 7.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day simple moving average is $15.97 and its 200-day simple moving average is $15.06. Old Second Bancorp has a fifty-two week low of $13.00 and a fifty-two week high of $17.46.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 26th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. Old Second Bancorp’s payout ratio is 10.15%.

Analysts Set New Price Targets

OSBC has been the topic of a number of research analyst reports. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $19.00 to $18.00 in a report on Tuesday, September 17th. DA Davidson lowered Old Second Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $17.00 in a research report on Wednesday, September 25th. Finally, Piper Sandler raised their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, July 19th.

Insider Buying and Selling at Old Second Bancorp

In other news, Director John Ladowicz sold 30,585 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $16.22, for a total value of $496,088.70. Following the sale, the director now owns 189,192 shares in the company, valued at $3,068,694.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

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.