Old Second Bancorp, Inc. (OSBC) Announces Earnings Results, Beats Expectations By $0.08 EPS
Old Second Bancorp, Inc. (NASDAQ:OSBC) released its earnings results on Wednesday. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08, MarketWatch Earnings reports. Old Second Bancorp had a return on equity of 10.30% and a net margin of 16.82%.
Old Second Bancorp (NASDAQ OSBC) traded up 3.38% during mid-day trading on Thursday, reaching $13.75. The company had a trading volume of 21,658 shares. The company has a market capitalization of $407.37 million, a PE ratio of 22.18 and a beta of 1.38. Old Second Bancorp has a 1-year low of $7.45 and a 1-year high of $13.77. The firm has a 50-day moving average of $12.45 and a 200 day moving average of $11.84.
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OSBC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub upgraded Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.50 target price on shares of Old Second Bancorp in a research report on Thursday, July 27th. Finally, DA Davidson initiated coverage on Old Second Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $13.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.17.
In other Old Second Bancorp news, Director John Ladowicz sold 8,450 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $12.11, for a total transaction of $102,329.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders have acquired 5,550 shares of company stock valued at $62,594 and have sold 50,350 shares valued at $609,088. Company insiders own 3.60% of the company’s stock.
About Old Second Bancorp
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