Old Second Bancorp (OSBC) to Release Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Old Second Bancorp to post earnings of $0.48 per share and revenue of $59,615.67 billion for the quarter.

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

OSBC stock traded up $0.34 during mid-day trading on Wednesday, reaching $18.17. 456,245 shares of the stock traded hands, compared to its average volume of 247,449. 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 business has a 50-day moving average of $18.19 and a two-hundred day moving average of $16.82. The firm has a market capitalization of $814.98 million, a PE ratio of 9.82 and a beta of 1.08. Old Second Bancorp has a 52 week low of $13.00 and a 52 week high of $19.37.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $17.79 per share, with a total value of $100,068.75. Following the completion of the purchase, the director now directly owns 18,679 shares in the company, valued at $332,299.41. The trade was a 43.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OSBC has been the topic of a number of research analyst reports. Piper Sandler raised their target price on Old Second Bancorp from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Friday, October 18th. DA Davidson set a $18.00 target price on shares of Old Second Bancorp in a research note on Thursday, October 17th. Finally, Raymond James upgraded shares of Old Second Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, December 19th.

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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