Old Second Bancorp, Inc. (NASDAQ:OSBC) issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08, Bloomberg Earnings reports. Old Second Bancorp had a return on equity of 10.30% and a net margin of 16.82%.
Shares of Old Second Bancorp (OSBC) traded up 1.42% during mid-day trading on Friday, hitting $14.30. The stock had a trading volume of 54,934 shares. The stock has a 50 day moving average price of $12.95 and a 200 day moving average price of $11.97. The firm has a market cap of $423.67 million, a PE ratio of 23.06 and a beta of 1.38. Old Second Bancorp has a 52 week low of $7.65 and a 52 week high of $14.90.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, October 26th. Old Second Bancorp’s payout ratio is presently 6.45%.
OSBC has been the topic of a number of research reports. Zacks Investment Research upgraded Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Saturday, September 9th. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 price target on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $13.50.
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In related news, Director John Ladowicz sold 10,096 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $14.40, for a total value of $145,382.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Bonifas acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $11.58 per share, with a total value of $34,740.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,550 shares of company stock valued at $62,594 and have sold 60,446 shares valued at $754,470. 3.60% of the stock is currently owned by company insiders.
About Old Second Bancorp
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