Analysts Expect Old Second Bancorp Inc. (NASDAQ:OSBC) Will Post Earnings of $0.30 Per Share

Wall Street brokerages expect Old Second Bancorp Inc. (NASDAQ:OSBC) to announce earnings per share of $0.30 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Old Second Bancorp’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.29. Old Second Bancorp posted earnings of $0.28 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next earnings report on Thursday, March 5th.

On average, analysts expect that Old Second Bancorp will report full-year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.31. For the next financial year, analysts anticipate that the business will post earnings of $1.18 per share, with EPS estimates ranging from $1.12 to $1.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.09. The company had revenue of $36.71 million during the quarter, compared to analysts’ expectations of $33.15 million. Old Second Bancorp had a return on equity of 15.42% and a net margin of 25.69%.

Several brokerages have weighed in on OSBC. BidaskClub cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. ValuEngine raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. DA Davidson restated a “neutral” rating on shares of Old Second Bancorp in a report on Monday, November 18th. Raymond James set a $14.00 target price on shares of Old Second Bancorp and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Zacks Investment Research raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Old Second Bancorp presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of OSBC stock opened at $12.31 on Friday. The company has a market capitalization of $368.11 million, a P/E ratio of 10.99 and a beta of 1.03. Old Second Bancorp has a fifty-two week low of $11.24 and a fifty-two week high of $14.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average price of $12.37 and a two-hundred day moving average price of $12.39.

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Thursday, October 24th. Old Second Bancorp’s dividend payout ratio (DPR) is 3.57%.

Several large investors have recently modified their holdings of OSBC. Millennium Management LLC raised its position in shares of Old Second Bancorp by 319.7% in the 3rd quarter. Millennium Management LLC now owns 42,918 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 32,692 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Old Second Bancorp by 23.3% in the 3rd quarter. Squarepoint Ops LLC now owns 31,042 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 5,872 shares in the last quarter. Zebra Capital Management LLC grew its position in Old Second Bancorp by 51.6% during the 3rd quarter. Zebra Capital Management LLC now owns 18,815 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 6,404 shares during the last quarter. State Street Corp grew its position in Old Second Bancorp by 1.9% during the 3rd quarter. State Street Corp now owns 550,258 shares of the financial services provider’s stock valued at $6,724,000 after purchasing an additional 10,410 shares during the last quarter. Finally, Patriot Financial Partners GP LP bought a new stake in Old Second Bancorp during the 3rd quarter valued at about $134,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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