Old Second Bancorp Inc. (OSBC) Expected to Announce Earnings of $0.22 Per Share

Brokerages expect Old Second Bancorp Inc. (NASDAQ:OSBC) to report $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Old Second Bancorp’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Old Second Bancorp reported earnings of $0.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.4%. The firm is scheduled to report its next quarterly earnings report on Monday, March 12th.

According to Zacks, analysts expect that Old Second Bancorp will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.82. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.84 to $0.88. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%.

A number of equities analysts have commented on OSBC shares. BidaskClub upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Saturday, September 9th. DA Davidson started coverage on shares of Old Second Bancorp in a report on Friday, September 1st. They issued a “neutral” rating and a $13.00 target price for the company. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.50 target price on shares of Old Second Bancorp in a report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.50.

Old Second Bancorp (NASDAQ:OSBC) opened at $12.55 on Friday. The company has a market cap of $377.74, a PE ratio of 16.56, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51. Old Second Bancorp has a fifty-two week low of $9.60 and a fifty-two week high of $14.90.

In other news, Director John Ladowicz sold 8,450 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $12.11, for a total transaction of $102,329.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William B. Skoglund sold 5,450 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $12.15, for a total value of $66,217.50. The disclosure for this sale can be found here. Insiders sold 49,346 shares of company stock valued at $623,302 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Stonebridge Capital Advisors LLC purchased a new stake in Old Second Bancorp in the third quarter valued at approximately $447,000. California Public Employees Retirement System boosted its position in Old Second Bancorp by 11.8% in the third quarter. California Public Employees Retirement System now owns 87,997 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 9,297 shares during the last quarter. Wells Fargo & Company MN boosted its position in Old Second Bancorp by 28.1% in the third quarter. Wells Fargo & Company MN now owns 91,224 shares of the financial services provider’s stock valued at $1,227,000 after buying an additional 20,012 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Old Second Bancorp in the third quarter valued at approximately $855,000. Finally, Russell Investments Group Ltd. boosted its position in Old Second Bancorp by 89.4% in the third quarter. Russell Investments Group Ltd. now owns 448,154 shares of the financial services provider’s stock valued at $6,028,000 after buying an additional 211,500 shares during the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

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