Old Second Bancorp, Inc. to Issue Quarterly Dividend of $0.07 (NASDAQ:OSBC)

Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.07 per share by the financial services provider on Monday, February 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, January 30th.

Old Second Bancorp has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 1 years. Old Second Bancorp has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.1%.

Old Second Bancorp Stock Up 5.4%

Shares of Old Second Bancorp stock traded up $1.10 during trading hours on Wednesday, reaching $21.47. The company’s stock had a trading volume of 559,193 shares, compared to its average volume of 340,401. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s fifty day simple moving average is $19.64 and its two-hundred day simple moving average is $18.53. The company has a market capitalization of $1.13 billion, a P/E ratio of 14.22 and a beta of 0.82. Old Second Bancorp has a one year low of $14.14 and a one year high of $21.51.

Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $95.88 million for the quarter, compared to analyst estimates of $80.45 million. Old Second Bancorp had a return on equity of 12.34% and a net margin of 18.89%. On average, research analysts forecast that Old Second Bancorp will post 1.86 earnings per share for the current year.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.