What is DA Davidson's Estimate for OSBC FY2025 Earnings?

Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) - Research analysts at DA Davidson upped their FY2025 EPS estimates for shares of Old Second Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $1.87 per share for the year, up from their prior forecast of $1.80. The consensus estimate for Old Second Bancorp's current full-year earnings is $1.95 per share.

Several other brokerages also recently commented on OSBC. Piper Sandler boosted their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Raymond James cut shares of Old Second Bancorp from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, September 17th.

Old Second Bancorp Price Performance

Shares of NASDAQ:OSBC traded up $0.38 during midday trading on Friday, hitting $17.66. The stock had a trading volume of 487,662 shares, compared to its average volume of 233,988. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $792.10 million, a P/E ratio of 9.55 and a beta of 1.08. The company's 50-day moving average price is $17.76 and its 200-day moving average price is $16.33. Old Second Bancorp has a fifty-two week low of $13.00 and a fifty-two week high of $19.37.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $71.16 million during the quarter, compared to the consensus estimate of $70.95 million. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%.

Old Second Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.36%. This is an increase from Old Second Bancorp's previous quarterly dividend of $0.05. Old Second Bancorp's dividend payout ratio is currently 12.97%.

Institutional Investors Weigh In On Old Second Bancorp

Several hedge funds have recently added to or reduced their stakes in OSBC. Dimensional Fund Advisors LP increased its position in Old Second Bancorp by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider's stock valued at $25,188,000 after acquiring an additional 138,253 shares during the period. State Street Corp grew its stake in shares of Old Second Bancorp by 6.5% in the third quarter. State Street Corp now owns 1,264,359 shares of the financial services provider's stock worth $19,711,000 after purchasing an additional 77,143 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Old Second Bancorp by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider's stock worth $16,053,000 after purchasing an additional 22,747 shares during the last quarter. American Century Companies Inc. increased its holdings in Old Second Bancorp by 19.7% in the second quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider's stock valued at $11,851,000 after purchasing an additional 131,623 shares during the period. Finally, Davis Asset Management L.P. bought a new position in Old Second Bancorp during the 2nd quarter worth $8,623,000. 67.76% of the stock is currently owned by institutional investors and hedge funds.

Old Second Bancorp Company Profile

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.