Old Second Bancorp (NASDAQ:OSBC) Posts Earnings Results, Misses Expectations By $0.01 EPS

Old Second Bancorp (NASDAQ:OSBC) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01), MarketWatch Earnings reports. Old Second Bancorp had a return on equity of 12.09% and a net margin of 27.26%.

Shares of OSBC stock traded down $0.34 during trading on Thursday, reaching $12.07. The company had a trading volume of 29 shares, compared to its average volume of 107,689. The stock has a 50 day moving average price of $13.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.30. Old Second Bancorp has a one year low of $7.19 and a one year high of $14.45. The firm has a market cap of $348.34 million, a P/E ratio of 9.40 and a beta of 1.44.

The business also recently disclosed a dividend, which will be paid on Monday, August 9th. Investors of record on Friday, July 30th will be paid a $0.05 dividend. This represents a dividend yield of 1.62%. The ex-dividend date is Thursday, July 29th. Old Second Bancorp’s payout ratio is 21.74%.

Separately, Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 29th.

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 for Old Second Bancorp (NASDAQ:OSBC)

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