Analysts forecast that Old Second Bancorp Inc. (NASDAQ:OSBC) will announce $0.30 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Old Second Bancorp’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Old Second Bancorp posted earnings per share of $0.23 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The firm is expected to announce its next earnings results on Wednesday, January 23rd.
According to Zacks, analysts expect that Old Second Bancorp will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.19. For the next fiscal year, analysts anticipate that the business will report earnings of $1.26 per share, with EPS estimates ranging from $1.24 to $1.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Old Second Bancorp.
Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. Old Second Bancorp had a net margin of 17.04% and a return on equity of 16.05%. The company had revenue of $31.55 million for the quarter, compared to analyst estimates of $32.15 million.
A number of research firms recently weighed in on OSBC. BidaskClub upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Old Second Bancorp has an average rating of “Buy” and an average target price of $17.00.
Shares of OSBC traded down $0.98 on Friday, reaching $13.50. The company’s stock had a trading volume of 102,768 shares, compared to its average volume of 63,459. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.83. Old Second Bancorp has a twelve month low of $12.35 and a twelve month high of $16.30. The firm has a market capitalization of $436.39 million, a PE ratio of 16.67, a P/E/G ratio of 1.77 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 5th. Investors of record on Friday, October 26th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. Old Second Bancorp’s dividend payout ratio is presently 4.94%.
Several institutional investors and hedge funds have recently bought and sold shares of OSBC. WBI Investments Inc. purchased a new stake in Old Second Bancorp in the 2nd quarter valued at about $366,000. Bank of America Corp DE increased its stake in Old Second Bancorp by 208.4% in the 2nd quarter. Bank of America Corp DE now owns 22,739 shares of the financial services provider’s stock valued at $327,000 after buying an additional 15,365 shares during the last quarter. Atria Investments LLC purchased a new stake in Old Second Bancorp in the 3rd quarter valued at about $285,000. Martingale Asset Management L P increased its stake in Old Second Bancorp by 106.7% in the 2nd quarter. Martingale Asset Management L P now owns 162,582 shares of the financial services provider’s stock valued at $2,342,000 after buying an additional 83,918 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Old Second Bancorp by 2.6% in the 2nd quarter. Northern Trust Corp now owns 355,035 shares of the financial services provider’s stock valued at $5,112,000 after buying an additional 8,908 shares during the last quarter. Institutional investors own 69.85% of the company’s stock.
About Old Second Bancorp
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
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