Analysts Anticipate Old Second Bancorp Inc. (NASDAQ:OSBC) to Post $0.30 Earnings Per Share

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Wall Street analysts predict that Old Second Bancorp Inc. (NASDAQ:OSBC) will report earnings of $0.30 per share for the current quarter, according to Zacks. Two analysts have made estimates for Old Second Bancorp’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.29. Old Second Bancorp posted earnings per share of $0.28 in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The company is scheduled to issue its next quarterly 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 fiscal year, analysts expect that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.12 to $1.22. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for 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 consensus estimate of $0.31 by $0.09. Old Second Bancorp had a net margin of 25.69% and a return on equity of 15.42%. The business had revenue of $36.71 million for the quarter, compared to analyst estimates of $33.15 million.

A number of equities analysts have issued reports on the company. BidaskClub cut Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. DA Davidson reaffirmed a “neutral” rating on shares of Old Second Bancorp in a research note on Monday, November 18th. ValuEngine raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James set a $14.00 price objective on shares of Old Second Bancorp and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Shares of OSBC traded up $0.07 on Friday, hitting $12.48. The company’s stock had a trading volume of 58,517 shares, compared to its average volume of 61,010. The firm’s fifty day moving average price is $12.39 and its 200-day moving average price is $12.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.41. Old Second Bancorp has a fifty-two week low of $11.24 and a fifty-two week high of $14.80. The firm has a market capitalization of $371.10 million, a price-to-earnings ratio of 9.77 and a beta of 1.03.

Institutional investors have recently bought and sold shares of the company. Banc Funds Co. LLC increased its position in shares of Old Second Bancorp by 5.7% in the second quarter. Banc Funds Co. LLC now owns 1,971,473 shares of the financial services provider’s stock valued at $25,176,000 after acquiring an additional 105,446 shares during the last quarter. Renaissance Technologies LLC grew its stake in Old Second Bancorp by 1.7% in the second quarter. Renaissance Technologies LLC now owns 1,120,425 shares of the financial services provider’s stock valued at $14,308,000 after purchasing an additional 18,500 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Old Second Bancorp by 9.5% in the second quarter. Russell Investments Group Ltd. now owns 796,771 shares of the financial services provider’s stock valued at $10,175,000 after purchasing an additional 69,280 shares in the last quarter. Maltese Capital Management LLC grew its stake in Old Second Bancorp by 16.9% in the second quarter. Maltese Capital Management LLC now owns 693,802 shares of the financial services provider’s stock valued at $8,860,000 after purchasing an additional 100,502 shares in the last quarter. Finally, Castine Capital Management LLC increased its position in shares of Old Second Bancorp by 34.9% during the 2nd quarter. Castine Capital Management LLC now owns 637,098 shares of the financial services provider’s stock worth $8,136,000 after purchasing an additional 164,990 shares during the last quarter. Institutional investors own 70.52% of the company’s stock.

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

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