Old Second Bancorp, Inc. (NASDAQ:OSBC) Announces Dividend Increase – $0.05 Per Share

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Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, April 20th, Zacks reports. Stockholders of record on Friday, April 30th will be paid a dividend of 0.05 per share by the financial services provider on Monday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 29th. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.01.

Shares of OSBC opened at $12.70 on Thursday. The company’s 50-day simple moving average is $13.19 and its 200-day simple moving average is $10.87. The stock has a market capitalization of $368.54 million, a PE ratio of 13.09 and a beta of 1.45. Old Second Bancorp has a 1 year low of $5.96 and a 1 year high of $14.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.91 and a current ratio of 0.91.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Tuesday, April 20th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. Old Second Bancorp had a net margin of 20.38% and a return on equity of 13.06%. On average, sell-side analysts predict that Old Second Bancorp will post 1.01 earnings per share for the current year.

In other Old Second Bancorp news, Director Jill E. York bought 4,000 shares of the stock in a transaction dated Tuesday, March 23rd. The shares were acquired at an average cost of $13.39 per share, for a total transaction of $53,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William B. Skoglund sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $11.95, for a total transaction of $77,675.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,425 shares of company stock worth $78,290 and sold 22,500 shares worth $297,640. Corporate insiders own 4.16% of the company’s stock.

Separately, Raymond James raised their target price on shares of Old Second Bancorp from $13.00 to $16.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 23rd.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides a range of banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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.

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Dividend History for Old Second Bancorp (NASDAQ:OSBC)

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