Old Second Bancorp (NASDAQ:OSBC – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect Old Second Bancorp to post earnings of $0.48 per share for the quarter.
Old Second Bancorp (NASDAQ:OSBC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. The business had revenue of $70.82 million during the quarter, compared to the consensus estimate of $70.03 million. On average, analysts expect Old Second Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Old Second Bancorp Price Performance
OSBC opened at $14.98 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. Old Second Bancorp has a 1 year low of $13.00 and a 1 year high of $17.46. The business’s 50-day moving average is $16.03 and its two-hundred day moving average is $15.03. The firm has a market capitalization of $671.79 million, a PE ratio of 7.60 and a beta of 1.06.
Old Second Bancorp Dividend Announcement
Insider Activity at Old Second Bancorp
In other news, Director John Ladowicz sold 30,585 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $16.22, for a total value of $496,088.70. Following the sale, the director now directly owns 189,192 shares of the company’s stock, valued at approximately $3,068,694.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
OSBC has been the topic of several recent research reports. DA Davidson cut shares of Old Second Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Wednesday, September 25th. Piper Sandler boosted their price target on shares of Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, September 17th.
Read Our Latest Research Report on OSBC
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.
Read More
- Five stocks we like better than Old Second Bancorp
- Why Invest in High-Yield Dividend Stocks?
- This Major Sell-Off in Chinese Stocks Could Be Your Buy Signal
- Are Penny Stocks a Good Fit for Your Portfolio?
- Two High-Yield ETF Cash Machines for Your Retirement Portfolio
- What Does Downgrade Mean in Investing?
- Don’t Sleep on Skye Bioscience—This Weight Loss Drug Could Soar
Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.