Equities research analysts forecast that Old Second Bancorp Inc. (NASDAQ:OSBC) will announce sales of $33.03 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Old Second Bancorp’s earnings. The lowest sales estimate is $33.00 million and the highest is $33.10 million. Old Second Bancorp posted sales of $30.84 million during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, January 22nd.
On average, analysts expect that Old Second Bancorp will report full-year sales of $132.23 million for the current financial year, with estimates ranging from $130.40 million to $135.00 million. For the next financial year, analysts expect that the business will post sales of $132.77 million, with estimates ranging from $130.90 million to $134.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Old Second Bancorp.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.09. The firm had revenue of $36.71 million for the quarter, compared to analyst estimates of $33.15 million. Old Second Bancorp had a net margin of 25.69% and a return on equity of 15.42%.
A number of research firms have recently weighed in on OSBC. Piper Jaffray Companies began coverage on shares of Old Second Bancorp in a research note on Thursday, December 19th. They issued an “overweight” rating and a $15.00 price objective on the stock. DA Davidson reiterated a “neutral” rating on shares of Old Second Bancorp in a research note on Monday, November 18th. ValuEngine upgraded shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Zacks Investment Research lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Old Second Bancorp has an average rating of “Hold” and an average target price of $14.33.
Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its holdings in Old Second Bancorp by 115.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,140 shares in the last quarter. Bank of Montreal Can increased its position in Old Second Bancorp by 299.8% during the second quarter. Bank of Montreal Can now owns 3,198 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 2,398 shares during the last quarter. Marshall Wace LLP acquired a new stake in Old Second Bancorp during the first quarter worth about $60,000. Susquehanna International Group LLP acquired a new stake in Old Second Bancorp during the second quarter worth about $129,000. Finally, Patriot Financial Partners GP LP acquired a new stake in Old Second Bancorp during the third quarter worth about $134,000. Institutional investors own 70.07% of the company’s stock.
NASDAQ:OSBC opened at $13.22 on Friday. The firm has a market capitalization of $395.32 million, a P/E ratio of 10.41 and a beta of 1.07. Old Second Bancorp has a 1-year low of $11.24 and a 1-year high of $14.80. The company’s fifty day moving average price is $12.94 and its 200-day moving average price is $12.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.88.
Old Second Bancorp Company Profile
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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