Brokers Issue Forecasts for OSBC FY2026 Earnings

Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) - Investment analysts at DA Davidson issued their FY2026 earnings per share (EPS) estimates for shares of Old Second Bancorp in a report released on Wednesday, February 26th. DA Davidson analyst J. Rulis forecasts that the financial services provider will post earnings of $2.15 per share for the year. The consensus estimate for Old Second Bancorp's current full-year earnings is $1.86 per share.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%.

Several other research firms have also issued reports on OSBC. Raymond James upgraded Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stephens boosted their price objective on shares of Old Second Bancorp from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Old Second Bancorp from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Old Second Bancorp currently has a consensus rating of "Buy" and an average target price of $20.90.

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Old Second Bancorp Stock Down 3.4 %

Old Second Bancorp stock traded down $0.62 during mid-day trading on Friday, reaching $17.65. 254,656 shares of the company were exchanged, compared to its average volume of 229,424. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $791.66 million, a P/E ratio of 9.44 and a beta of 1.07. Old Second Bancorp has a 12-month low of $13.00 and a 12-month high of $19.46. The business has a fifty day moving average of $18.35 and a 200 day moving average of $17.49.

Old Second Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 31st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, January 31st. Old Second Bancorp's dividend payout ratio is presently 12.83%.

Insider Activity at Old Second Bancorp

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the purchase, the director now directly owns 18,679 shares of the company's stock, valued at $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Old Second Bancorp

A number of institutional investors have recently modified their holdings of OSBC. PharVision Advisers LLC purchased a new stake in Old Second Bancorp during the fourth quarter worth $178,000. Squarepoint Ops LLC boosted its stake in shares of Old Second Bancorp by 6.4% during the 4th quarter. Squarepoint Ops LLC now owns 22,703 shares of the financial services provider's stock worth $404,000 after acquiring an additional 1,363 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Old Second Bancorp by 33.4% during the 4th quarter. Point72 Asset Management L.P. now owns 24,718 shares of the financial services provider's stock valued at $439,000 after acquiring an additional 6,183 shares during the period. ProShare Advisors LLC purchased a new position in shares of Old Second Bancorp in the 4th quarter valued at about $218,000. Finally, Nuveen Asset Management LLC raised its holdings in Old Second Bancorp by 188.2% in the 4th quarter. Nuveen Asset Management LLC now owns 281,572 shares of the financial services provider's stock worth $5,006,000 after purchasing an additional 183,869 shares during the period. Hedge funds and other institutional investors own 67.76% of the company's stock.

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.