Old Second Bancorp (NASDAQ:OSBC – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01), Yahoo Finance reports. The business had revenue of $83.83 million for the quarter, compared to the consensus estimate of $69.50 million. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%.
Old Second Bancorp Stock Performance
NASDAQ OSBC opened at $14.43 on Friday. Old Second Bancorp has a 1 year low of $10.79 and a 1 year high of $16.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $646.46 million, a price-to-earnings ratio of 7.32 and a beta of 1.10. The company has a fifty day moving average price of $13.51 and a 200-day moving average price of $14.18.
Old Second Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 26th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Old Second Bancorp’s payout ratio is 10.15%.
Institutional Trading of Old Second Bancorp
Analysts Set New Price Targets
A number of analysts have commented on OSBC shares. Stephens restated an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a research note on Friday. Raymond James upgraded shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research note on Thursday, April 4th.
Read Our Latest Stock 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.
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