Old Second Bancorp (OSBC) Projected to Post 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.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 Performance

NASDAQ OSBC opened at $14.71 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $17.49 and its two-hundred day moving average is $17.46. The stock has a market capitalization of $662.64 million, a price-to-earnings ratio of 7.87 and a beta of 0.84. Old Second Bancorp has a 12-month low of $13.20 and a 12-month high of $19.46.

Old Second Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSBC. Stephens boosted their target price on shares of Old Second Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Raymond James upgraded shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Old Second Bancorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Old Second Bancorp currently has a consensus rating of “Buy” and a consensus target price of $20.90.

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.