What is DA Davidson’s Forecast for OSBC FY2025 Earnings?

Old Second Bancorp, Inc. (NASDAQ:OSBC) – Stock analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for Old Second Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $1.87 per share for the year, up from their previous forecast of $1.80. The consensus estimate for Old Second Bancorp’s current full-year earnings is $1.95 per share.

A number of other equities analysts also recently issued reports on OSBC. Piper Sandler increased their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Raymond James lowered Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $19.00 to $18.00 in a report on Tuesday, September 17th.

Old Second Bancorp Stock Up 2.2 %

Shares of Old Second Bancorp stock opened at $17.66 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $792.10 million, a price-to-earnings ratio of 9.55 and a beta of 1.08. The firm’s 50-day moving average is $17.76 and its two-hundred day moving average is $16.33. Old Second Bancorp has a 1 year low of $13.00 and a 1 year high of $19.37.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $71.16 million for the quarter, compared to the consensus estimate of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%.

Old Second Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.06 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s payout ratio is presently 12.97%.

Institutional Investors Weigh In On Old Second Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of OSBC. Principal Financial Group Inc. grew its holdings in Old Second Bancorp by 11.5% in the third quarter. Principal Financial Group Inc. now owns 32,243 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 3,313 shares during the last quarter. Geode Capital Management LLC increased its position in Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 22,747 shares in the last quarter. Barclays PLC increased its position in Old Second Bancorp by 81.3% during the 3rd quarter. Barclays PLC now owns 116,582 shares of the financial services provider’s stock valued at $1,817,000 after buying an additional 52,277 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Old Second Bancorp in the third quarter valued at about $974,000. Finally, Jane Street Group LLC grew its stake in shares of Old Second Bancorp by 25.8% during the third quarter. Jane Street Group LLC now owns 62,398 shares of the financial services provider’s stock worth $973,000 after acquiring an additional 12,785 shares during the last quarter. Hedge funds and other institutional investors own 67.76% of the company’s stock.

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.