Research Analysts Issue Forecasts for Old Second Bancorp Inc.’s Q1 2020 Earnings (OSBC)

Old Second Bancorp Inc. (NASDAQ:OSBC) – FIG Partners increased their Q1 2020 earnings per share estimates for shares of Old Second Bancorp in a report issued on Monday, April 29th, according to Zacks Investment Research. FIG Partners analyst B. Martin now forecasts that the financial services provider will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.28. FIG Partners has a “Outperform” rating on the stock. FIG Partners also issued estimates for Old Second Bancorp’s Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.34 EPS and Q4 2020 earnings at $0.35 EPS.

OSBC has been the topic of several other research reports. Zacks Investment Research downgraded Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Raymond James set a $15.00 price objective on Old Second Bancorp and gave the company a “buy” rating in a research report on Friday, April 26th. BidaskClub cut Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Finally, ValuEngine cut Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.00.

Shares of Old Second Bancorp stock opened at $12.85 on Wednesday. The firm has a market capitalization of $383.87 million, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 0.86. Old Second Bancorp has a 52 week low of $11.32 and a 52 week high of $16.30.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Old Second Bancorp had a net margin of 23.12% and a return on equity of 15.76%.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Old Second Bancorp by 0.6% in the 1st quarter. BlackRock Inc. now owns 2,064,106 shares of the financial services provider’s stock worth $25,987,000 after buying an additional 12,520 shares during the period. Thomson Horstmann & Bryant Inc. lifted its stake in shares of Old Second Bancorp by 0.7% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 1,349,822 shares of the financial services provider’s stock worth $17,547,000 after purchasing an additional 9,706 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Old Second Bancorp by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,244,642 shares of the financial services provider’s stock worth $19,230,000 after purchasing an additional 15,408 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Old Second Bancorp by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 1,244,642 shares of the financial services provider’s stock worth $19,230,000 after purchasing an additional 15,408 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Old Second Bancorp by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,101,925 shares of the financial services provider’s stock worth $13,873,000 after purchasing an additional 87,200 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

In other Old Second Bancorp news, EVP Keith Gottschalk sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $13.07, for a total value of $26,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.28% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 26th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Thursday, April 25th. Old Second Bancorp’s dividend payout ratio is 3.57%.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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