$27.70 Million in Sales Expected for Old Second Bancorp Inc. (OSBC) This Quarter
Analysts expect Old Second Bancorp Inc. (NASDAQ:OSBC) to announce $27.70 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Old Second Bancorp’s earnings, with the highest sales estimate coming in at $28.40 million and the lowest estimate coming in at $27.00 million. Old Second Bancorp reported sales of $25.94 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The firm is expected to report its next quarterly earnings report on Monday, March 12th.
According to Zacks, analysts expect that Old Second Bancorp will report full-year sales of $27.70 million for the current financial year, with estimates ranging from $105.60 million to $109.20 million. For the next financial year, analysts expect that the firm will report sales of $126.90 million per share, with estimates ranging from $117.20 million to $136.60 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Old Second Bancorp.
Several research firms have issued reports on OSBC. ValuEngine downgraded shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. BidaskClub downgraded shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods upgraded shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.17.
Old Second Bancorp (OSBC) traded down $0.15 during midday trading on Friday, reaching $13.85. 41,122 shares of the company’s stock traded hands, compared to its average volume of 72,139. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51. Old Second Bancorp has a one year low of $10.10 and a one year high of $15.00. The firm has a market capitalization of $410.34, a P/E ratio of 76.94, a PEG ratio of 1.88 and a beta of 0.72.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 26th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.04 annualized dividend and a yield of 0.29%. Old Second Bancorp’s dividend payout ratio is presently 22.22%.
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About Old Second Bancorp
Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.
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