Old Second Bancorp (OSBC) Expected to Announce Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) is expected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Old Second Bancorp to post earnings of $0.48 per share and revenue of $59,615.67 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Old Second Bancorp Trading Down 0.2 %

Shares of Old Second Bancorp stock opened at $18.20 on Monday. Old Second Bancorp has a 12-month low of $13.00 and a 12-month high of $19.37. The firm’s 50 day simple moving average is $18.20 and its two-hundred day simple moving average is $16.88. 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 firm has a market capitalization of $816.32 million, a price-to-earnings ratio of 9.84 and a beta of 1.08.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OSBC shares. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. DA Davidson set a $18.00 price target on shares of Old Second Bancorp in a research report on Thursday, October 17th. Finally, Piper Sandler upped their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Friday, October 18th.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $17.79 per share, with a total value of $100,068.75. Following the completion of the acquisition, the director now owns 18,679 shares in the company, valued at approximately $332,299.41. This trade represents a 43.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% 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.