What is DA Davidson’s Forecast for OSBC Q4 Earnings?

Old Second Bancorp, Inc. (NASDAQ:OSBC) – Analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Old Second Bancorp in a note issued to investors on Friday, October 18th. DA Davidson analyst J. Rulis expects that the financial services provider will earn $0.49 per share for the quarter. The consensus estimate for Old Second Bancorp’s current full-year earnings is $1.89 per share.

OSBC has been the subject of several other reports. Raymond James cut Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $19.00 to $18.00 in a research report on Tuesday, September 17th. Piper Sandler raised their target price on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

Old Second Bancorp Stock Up 1.2 %

OSBC opened at $16.56 on Monday. Old Second Bancorp has a 1-year low of $13.00 and a 1-year high of $17.46. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $742.65 million, a price-to-earnings ratio of 8.41 and a beta of 1.06. The business has a 50 day moving average of $16.12 and a 200-day moving average of $15.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Old Second Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,423,983 shares of the financial services provider’s stock worth $33,548,000 after acquiring an additional 45,955 shares in the last quarter. Boston Partners raised its stake in Old Second Bancorp by 300.6% during the first quarter. Boston Partners now owns 55,735 shares of the financial services provider’s stock worth $771,000 after acquiring an additional 41,821 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new position in Old Second Bancorp during the second quarter worth $759,000. SG Americas Securities LLC acquired a new position in Old Second Bancorp during the second quarter worth $260,000. Finally, AQR Capital Management LLC raised its stake in Old Second Bancorp by 20.1% during the second quarter. AQR Capital Management LLC now owns 307,995 shares of the financial services provider’s stock worth $4,561,000 after acquiring an additional 51,652 shares in the last quarter. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 25th will be given a $0.06 dividend. This is a boost from Old Second Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, October 25th. Old Second Bancorp’s dividend payout ratio (DPR) is 12.18%.

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.