Research Analysts Issue Forecasts for OSBC Q4 Earnings

Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Old Second Bancorp in a note issued to investors on Friday, October 18th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings of $0.49 per share for the quarter. The consensus estimate for Old Second Bancorp's current full-year earnings is $1.89 per share.

A number of other equities analysts have also recently commented on the company. Raymond James cut 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 report on Tuesday, September 17th. Piper Sandler increased their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Friday.

Old Second Bancorp Stock Performance

NASDAQ OSBC traded down $0.77 during trading hours on Monday, hitting $16.36. 254,061 shares of the company's stock traded hands, compared to its average volume of 226,519. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Old Second Bancorp has a 52 week low of $13.00 and a 52 week high of $17.46. The firm has a market capitalization of $733.68 million, a P/E ratio of 8.30 and a beta of 1.06. The business's fifty day moving average price is $16.08 and its two-hundred day moving average price is $15.16.

Hedge Funds Weigh In On Old Second Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in Old Second Bancorp by 19.8% during the first quarter. Ameritas Investment Partners Inc. now owns 5,167 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 853 shares in the last quarter. Lakewood Asset Management LLC increased its position in shares of Old Second Bancorp by 8.8% during the 3rd quarter. Lakewood Asset Management LLC now owns 19,951 shares of the financial services provider's stock valued at $311,000 after purchasing an additional 1,612 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Old Second Bancorp by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,632 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 1,807 shares during the last quarter. Hunter Perkins Capital Management LLC lifted its position in Old Second Bancorp by 3.7% in the third quarter. Hunter Perkins Capital Management LLC now owns 52,955 shares of the financial services provider's stock worth $826,000 after buying an additional 1,870 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Old Second Bancorp by 2.7% in the second quarter. Rhumbline Advisers now owns 73,155 shares of the financial services provider's stock worth $1,083,000 after buying an additional 1,923 shares during the last quarter. 67.76% of the stock is owned by institutional investors.

Old Second Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. This is a boost from Old Second Bancorp's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, October 25th. Old Second Bancorp's payout ratio is 12.18%.

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.