Old Second Bancorp, Inc. (NASDAQ:OSBC) Expected to Post Earnings of $0.26 Per Share


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Brokerages expect Old Second Bancorp, Inc. (NASDAQ:OSBC) to announce earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Old Second Bancorp’s earnings, with estimates ranging from $0.24 to $0.29. Old Second Bancorp reported earnings per share of $0.25 in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The business is expected to report its next quarterly earnings results on Wednesday, April 28th.

On average, analysts expect that Old Second Bancorp will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.09. For the next fiscal year, analysts expect that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.97 to $1.09. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Tuesday, January 26th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $32.63 million. Old Second Bancorp had a return on equity of 13.06% and a net margin of 20.38%.

Separately, Raymond James increased their price target on shares of Old Second Bancorp from $13.00 to $16.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, March 23rd.

In other news, Director Jill E. York acquired 4,000 shares of the business’s stock in a transaction on Tuesday, March 23rd. The stock was bought at an average price of $13.39 per share, for a total transaction of $53,560.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Ladowicz sold 14,500 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $13.76, for a total transaction of $199,520.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,425 shares of company stock valued at $78,290 and have sold 22,500 shares valued at $297,640. 4.16% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. grew its holdings in Old Second Bancorp by 4.2% during the fourth quarter. Federated Hermes Inc. now owns 29,402 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 1,172 shares during the period. Mariner LLC grew its stake in shares of Old Second Bancorp by 6.8% during the 4th quarter. Mariner LLC now owns 37,844 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 2,400 shares during the period. Citigroup Inc. increased its holdings in shares of Old Second Bancorp by 192.6% in the 4th quarter. Citigroup Inc. now owns 6,583 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 4,333 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Old Second Bancorp in the first quarter valued at about $60,000. Finally, Rhumbline Advisers lifted its stake in shares of Old Second Bancorp by 14.0% in the fourth quarter. Rhumbline Advisers now owns 48,578 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 5,981 shares during the period. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Shares of Old Second Bancorp stock traded down $0.46 during trading on Tuesday, reaching $12.48. The company’s stock had a trading volume of 49,402 shares, compared to its average volume of 99,062. The company has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $10.84. Old Second Bancorp has a fifty-two week low of $5.96 and a fifty-two week high of $14.16. The firm has a market cap of $363.49 million, a PE ratio of 12.87 and a beta of 1.45. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.32.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides a range of banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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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Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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