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

Old Second Bancorp (NASDAQ:OSBC) is anticipated to release its earnings data before the market opens on Wednesday, April 16th. Analysts expect Old Second Bancorp to post earnings of $0.46 per share and revenue of $60.00 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%. On average, analysts expect Old Second Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Old Second Bancorp Stock Up 0.8 %

Shares of NASDAQ:OSBC opened at $14.57 on Tuesday. The company’s fifty day moving average is $17.09 and its two-hundred day moving average is $17.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. Old Second Bancorp has a 1-year low of $13.20 and a 1-year high of $19.46. The stock has a market capitalization of $656.33 million, a price-to-earnings ratio of 7.79 and a beta of 0.84.

Old Second Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.24 annualized dividend and a yield of 1.65%. Old Second Bancorp’s dividend payout ratio (DPR) is 12.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Stephens raised their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Old Second Bancorp presently has a consensus rating of “Buy” and a consensus price target of $20.90.

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.