Old Second Bancorp (NASDAQ:OSBC – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01), Yahoo Finance reports. Old Second Bancorp had a net margin of 26.90% and a return on equity of 16.78%. The firm had revenue of $83.83 million during the quarter, compared to analysts’ expectations of $69.50 million.
Old Second Bancorp Price Performance
Shares of Old Second Bancorp stock traded up $0.47 on Friday, hitting $14.21. 80,176 shares of the company were exchanged, compared to its average volume of 174,850. Old Second Bancorp has a 1-year low of $10.79 and a 1-year high of $16.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $636.61 million, a price-to-earnings ratio of 7.11 and a beta of 1.10. The company has a 50-day moving average price of $13.49 and a 200 day moving average price of $14.17.
Old Second Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Friday, April 26th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. Old Second Bancorp’s payout ratio is 10.15%.
Institutional Trading of Old Second Bancorp
Wall Street Analyst Weigh In
A number of research firms recently weighed in on OSBC. Raymond James upgraded Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Thursday, April 4th. Stephens reissued an “overweight” rating and set a $17.00 target price on shares of Old Second Bancorp in a research note on Friday.
Check Out Our Latest Research Report on OSBC
About Old Second Bancorp
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides 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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