Old Second Bancorp (NASDAQ:OSBC) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Old Second Bancorp (NASDAQ:OSBC) issued its quarterly earnings data on Thursday. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01), Yahoo Finance reports. The firm 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

Shares of OSBC opened at $14.43 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. Old Second Bancorp has a one year low of $10.79 and a one year high of $16.76. The company has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $14.17. The firm has a market capitalization of $646.46 million, a PE ratio of 7.32 and a beta of 1.10.

Old Second Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 annualized dividend and a yield of 1.39%. Old Second Bancorp’s dividend payout ratio (DPR) is presently 10.15%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Old Second Bancorp in a research note on Friday. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Thursday, April 4th.

Institutional Trading of Old Second Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in Old Second Bancorp by 5.0% in the fourth quarter. Legal & General Group Plc now owns 13,369 shares of the financial services provider’s stock worth $214,000 after buying an additional 640 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Old Second Bancorp by 5.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,825 shares of the financial services provider’s stock worth $245,000 after buying an additional 758 shares during the period. Rothschild & Co. Asset Management US Inc. increased its stake in shares of Old Second Bancorp by 0.8% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 95,151 shares of the financial services provider’s stock valued at $1,381,000 after purchasing an additional 779 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Old Second Bancorp by 1.9% during the second quarter. Prudential Financial Inc. now owns 58,298 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of Old Second Bancorp by 2.2% during the fourth quarter. Mariner LLC now owns 50,926 shares of the financial services provider’s stock valued at $817,000 after purchasing an additional 1,116 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Company Profile

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.