Old Second Bancorp (OSBC) to Release Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) is expected to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Old Second Bancorp to post earnings of $0.48 per share and revenue of $59,615.67 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $18.20 on Tuesday. The company has a market capitalization of $816.27 million, a P/E ratio of 9.84 and a beta of 1.08. The business has a fifty day simple moving average of $18.19 and a two-hundred day simple moving average of $16.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. Old Second Bancorp has a 1 year low of $13.00 and a 1 year high of $19.37.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OSBC. Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Piper Sandler boosted their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a report on Thursday, October 17th.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple purchased 5,625 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the transaction, the director now owns 18,679 shares in the company, valued at $332,299.41. The trade was a 43.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

About Old Second Bancorp

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.