$0.19 Earnings Per Share Expected for Old Second Bancorp, Inc. (OSBC) This Quarter

Wall Street brokerages expect that Old Second Bancorp, Inc. (NASDAQ:OSBC) will post earnings per share of $0.19 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Old Second Bancorp’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.17. Old Second Bancorp reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year over year growth rate of 58.3%. The business is expected to issue its next quarterly earnings results on Tuesday, November 21st.

On average, analysts expect that Old Second Bancorp will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.80 to $0.82. For the next year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.84 to $0.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.50 price target on shares of Old Second Bancorp in a research report on Tuesday, October 3rd. BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, DA Davidson began coverage on shares of Old Second Bancorp in a research report on Friday, September 1st. They set a “neutral” rating and a $13.00 price target for the company. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.50.

Old Second Bancorp (NASDAQ OSBC) opened at $12.95 on Tuesday. Old Second Bancorp has a one year low of $8.55 and a one year high of $14.90. The firm has a market cap of $374.78, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

The business also recently announced a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Friday, October 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, October 26th. Old Second Bancorp’s dividend payout ratio is currently 6.45%.

In related news, CEO William B. Skoglund sold 3,850 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $12.13, for a total value of $46,700.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Ladowicz sold 9,550 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $12.14, for a total transaction of $115,937.00. The disclosure for this sale can be found here. Insiders sold 49,346 shares of company stock worth $623,302 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of OSBC. Seizert Capital Partners LLC purchased a new stake in Old Second Bancorp in the second quarter worth approximately $3,639,000. Russell Investments Group Ltd. boosted its holdings in Old Second Bancorp by 89.4% in the third quarter. Russell Investments Group Ltd. now owns 448,154 shares of the financial services provider’s stock worth $6,028,000 after purchasing an additional 211,500 shares during the last quarter. Boston Partners boosted its holdings in Old Second Bancorp by 52.8% in the third quarter. Boston Partners now owns 563,600 shares of the financial services provider’s stock worth $7,580,000 after purchasing an additional 194,800 shares during the last quarter. AJO LP boosted its holdings in Old Second Bancorp by 71.7% in the second quarter. AJO LP now owns 397,493 shares of the financial services provider’s stock worth $4,591,000 after purchasing an additional 165,968 shares during the last quarter. Finally, OxFORD Asset Management LLP boosted its holdings in Old Second Bancorp by 126.9% in the second quarter. OxFORD Asset Management LLP now owns 174,656 shares of the financial services provider’s stock worth $2,017,000 after purchasing an additional 97,683 shares during the last quarter. Institutional investors own 67.28% of the company’s stock.

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