Stock analysts expect Old Second Bancorp, Inc. (NASDAQ: OSBC – Get a rating) to show earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Three analysts provided earnings estimates for Old Second Bancorp, with estimates ranging from $0.33 to $0.38. Old Second Bancorp reported earnings per share of $0.30 in the same quarter last year, suggesting a positive year-over-year growth rate of 16.7%. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Old Second Bancorp to report annual earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.65. For next year, analysts expect the company to post earnings of $1.75 per share, with EPS estimates ranging from $1.57 to $2.05. Zacks earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Old Second Bancorp.
Former second Bancorp (NASDAQ: OSBC – Get a rating) last released its quarterly results on Wednesday, April 27. The financial services provider reported earnings per share of $0.36 for the quarter, beating analysts’ consensus estimate of $0.24 by $0.12. Old Second Bancorp had a return on equity of 11.41% and a net margin of 12.26%. The company posted revenue of $54.73 million in the quarter, compared to $53.10 million expected by analysts.
OSBC has been the subject of several research reports. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a price target of $17.00 for the company in a research report on Saturday, April 2 . DA Davidson upgraded shares of Old Second Bancorp from a ‘neutral’ rating to a ‘buy’ rating and set a price target of $22.00 on the stock in a Monday, March 21 research note . To finish, StockNews.com launched a cover on Old Second Bancorp in a report on Thursday, March 31. They issued a “holding” rating for the company.
In other news, Director William B. Skoglund sold 4,557 shares of the company in a trade on Monday, March 14. The stock was sold at an average price of $14.46, for a total value of $65,894.22. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders hold 5.50% of the shares of the company.
Several institutional investors and hedge funds have recently bought and sold shares of OSBC. Stieven Capital Advisors LP increased its stake in shares of Old Second Bancorp by 10.9% in Q3. Stieven Capital Advisors LP now owns 768,963 shares of the financial services provider valued at $10,043,000 after buying an additional 75,501 shares last quarter. Alliancebernstein LP increased its stake in Old Second Bancorp by 9.0% in the third quarter. Alliancebernstein LP now owns 156,891 shares of the financial services provider valued at $2,049,000 after buying an additional 13,014 shares in the last quarter. Raymond James & Associates acquired a new position in Old Second Bancorp in Q3 worth approximately $179,000. BHZ Capital Management LP increased its holdings of Old Second Bancorp shares by 256.0% during the 4th quarter. BHZ Capital Management LP now owns 45,021 shares of the financial services provider worth $567,000 after acquiring an additional 32,376 shares during the period. Finally, Barclays PLC increased its stake in shares of Old Second Bancorp by 48.6% during the third quarter. Barclays PLC now owns 48,028 shares of the financial services provider valued at $627,000 after acquiring an additional 15,700 shares last quarter. 50.83% of the shares are held by institutional investors.
NASDAQ OSBC traded down $0.11 on Thursday, hitting $13.90. 2,342 shares were traded, against an average volume of 170,376. The company has a quick ratio of 0.72, a current ratio of 0.72 and a leverage ratio of 0.32. Old Second Bancorp has a fifty-two week low of $11.16 and a fifty-two week high of $15.48. The company has a market capitalization of $617.99 million, a PE ratio of 23.22 and a beta of 1.11. The company has a 50-day moving average price of $14.25 and a 200-day moving average price of $13.73.
The company also recently declared a quarterly dividend, which was paid on Monday, May 9. Shareholders of record on Friday, April 29 received a dividend of $0.05 per share. The ex-dividend date was Thursday, April 28. This represents a dividend of $0.20 on an annualized basis and a yield of 1.44%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 33.33%.
About Old Second Bancorp (Get a rating)
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank which provides community banking services. It provides current, NOW, money market, savings, term deposit, individual retirement and checking accounts, as well as certificates of deposit accounts. The company also offers commercial loans; finance lease receivables; commercial real estate loans; building loans; residential real estate loans, such as residential first and second mortgages; home equity line of credit; consumer loans, including auto, home improvement and signature loans; installment loans and agricultural loans; residential mortgages; and verification of overdrafts.
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