Old Second Bancorp Inc. (NASDAQ:OSBC) – Analysts at DA Davidson raised their Q2 2018 earnings estimates for Old Second Bancorp in a note issued to investors on Monday. DA Davidson analyst K. Reevey now expects that the financial services provider will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.24. DA Davidson also issued estimates for Old Second Bancorp’s Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.08 EPS and FY2019 earnings at $1.22 EPS.
Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.17 by $0.10. The firm had revenue of $27.13 million during the quarter, compared to analyst estimates of $27.35 million. Old Second Bancorp had a return on equity of 12.34% and a net margin of 19.91%.
A number of other brokerages have also weighed in on OSBC. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, January 4th. Sandler O’Neill raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. BidaskClub lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Keefe, Bruyette & Woods raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.17.
Shares of Old Second Bancorp (OSBC) traded down $0.40 on Tuesday, reaching $14.30. The company’s stock had a trading volume of 31,246 shares, compared to its average volume of 82,820. Old Second Bancorp has a 12 month low of $10.10 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $434.04, a P/E ratio of 19.03, a P/E/G ratio of 1.92 and a beta of 1.27.
Institutional investors and hedge funds have recently modified their holdings of the business. LSV Asset Management grew its position in shares of Old Second Bancorp by 19.7% in the fourth quarter. LSV Asset Management now owns 33,264 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 5,464 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Old Second Bancorp in the fourth quarter valued at approximately $984,000. Schwab Charles Investment Management Inc. grew its position in shares of Old Second Bancorp by 10.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 63,226 shares of the financial services provider’s stock valued at $864,000 after purchasing an additional 6,002 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its stake in shares of Old Second Bancorp by 2.2% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 1,401,108 shares of the financial services provider’s stock valued at $19,125,000 after buying an additional 30,511 shares during the period. Finally, Stonebridge Capital Advisors LLC purchased a new position in shares of Old Second Bancorp during the third quarter valued at approximately $447,000. Institutional investors own 68.61% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Friday, January 26th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.04 annualized dividend and a yield of 0.28%. Old Second Bancorp’s payout ratio is currently 5.19%.
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Old Second Bancorp Company Profile
Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.
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