Old Second Bancorp (OSBC) Expected to Announce Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $60.00 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). Old Second Bancorp had a return on equity of 13.73% and a net margin of 24.95%. On average, analysts expect Old Second Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Old Second Bancorp Stock Down 0.6 %

OSBC stock traded down $0.08 during mid-day trading on Friday, reaching $14.45. The company had a trading volume of 212,709 shares, compared to its average volume of 252,235. Old Second Bancorp has a fifty-two week low of $13.20 and a fifty-two week high of $19.46. The company has a market capitalization of $650.93 million, a price-to-earnings ratio of 7.73 and a beta of 0.84. 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 fifty day simple moving average of $17.18 and a 200 day simple moving average of $17.44.

Old Second Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 31st were issued a $0.06 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.24 annualized dividend and a yield of 1.66%. Old Second Bancorp's dividend payout ratio (DPR) is 12.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OSBC. Keefe, Bruyette & Woods raised their price objective on shares of Old Second Bancorp from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Stephens increased their target price on Old Second Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Raymond James raised Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $20.90.

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.