Q4 Earnings Forecast for OSBC Issued By DA Davidson

Old Second Bancorp, Inc. (NASDAQ:OSBC) – DA Davidson issued their Q4 2024 EPS estimates for Old Second Bancorp in a report issued on Friday, October 18th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $0.49 for the quarter. The consensus estimate for Old Second Bancorp’s current full-year earnings is $1.89 per share.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler boosted their price target on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday. Raymond James downgraded Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $19.00 to $18.00 in a research report on Tuesday, September 17th.

Old Second Bancorp Stock Performance

Shares of NASDAQ:OSBC opened at $17.13 on Monday. Old Second Bancorp has a 12-month low of $13.00 and a 12-month high of $17.46. The company’s 50 day moving average price is $16.08 and its two-hundred day moving average price is $15.16. The firm has a market cap of $768.21 million, a PE ratio of 8.70 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC boosted its holdings in shares of Old Second Bancorp by 3.7% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 52,955 shares of the financial services provider’s stock valued at $826,000 after purchasing an additional 1,870 shares in the last quarter. CWM LLC lifted its position in shares of Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after buying an additional 2,123 shares during the last quarter. Lakewood Asset Management LLC boosted its stake in Old Second Bancorp by 8.8% in the third quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider’s stock valued at $311,000 after buying an additional 1,612 shares in the last quarter. SG Americas Securities LLC grew its position in Old Second Bancorp by 52.3% in the third quarter. SG Americas Securities LLC now owns 26,690 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 9,168 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in Old Second Bancorp during the second quarter worth about $696,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 25th will be given a dividend of $0.06 per share. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. Old Second Bancorp’s dividend payout ratio (DPR) is currently 12.18%.

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.