Old Second Bancorp (NASDAQ:OSBC) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Old Second Bancorp (NASDAQ:OSBC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04), Zacks reports. Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%.

Old Second Bancorp Trading Down 2.4 %

Shares of NASDAQ OSBC opened at $18.23 on Friday. Old Second Bancorp has a 12-month low of $13.00 and a 12-month high of $19.37. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $18.20 and its 200 day simple moving average is $16.94. The company has a market cap of $817.62 million, a price-to-earnings ratio of 9.75 and a beta of 1.08.

Old Second Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Insider Buying and Selling at Old Second Bancorp

In other news, Director Rocks Patti Temple acquired 5,625 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now directly owns 18,679 shares in the company, valued at $332,299.41. This trade represents a 43.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OSBC. DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a research report on Thursday, October 17th. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Piper Sandler boosted their target price on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Stephens restated an “overweight” rating and set a $21.00 price objective on shares of Old Second Bancorp in a research note on Thursday.

About Old Second Bancorp

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.