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

Share on StockTwits

Old Second Bancorp (NASDAQ:OSBC) released its quarterly earnings results on Wednesday. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01, Fidelity Earnings reports. The business had revenue of $32.43 million during the quarter, compared to analyst estimates of $33.03 million. Old Second Bancorp had a return on equity of 15.36% and a net margin of 26.06%.

Shares of Old Second Bancorp stock opened at $12.91 on Friday. Old Second Bancorp has a 1 year low of $11.24 and a 1 year high of $14.80. The firm has a market cap of $394.42 million, a PE ratio of 9.93 and a beta of 1.07. The stock has a fifty day moving average price of $13.04 and a 200-day moving average price of $12.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.88.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, January 30th. Old Second Bancorp’s dividend payout ratio is presently 3.08%.

Several brokerages have recently issued reports on OSBC. BidaskClub lowered Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Piper Jaffray Companies began coverage on Old Second Bancorp in a research report on Thursday, December 19th. They set an “overweight” rating and a $15.00 target price for the company. ValuEngine raised Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. DA Davidson reaffirmed a “neutral” rating on shares of Old Second Bancorp in a research report on Monday, November 18th. Finally, Zacks Investment Research lowered Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Old Second Bancorp has a consensus rating of “Hold” and an average target price of $14.33.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

Further Reading: Portfolio Manager

Earnings History for Old Second Bancorp (NASDAQ:OSBC)

Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.