Old Second Bancorp Inc. (OSBC) Declares $0.01 Quarterly Dividend
Old Second Bancorp Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, July 17th, NASDAQ reports. Stockholders of record on Friday, July 27th will be paid a dividend of 0.01 per share by the financial services provider on Monday, August 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, July 26th.
Old Second Bancorp has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.3%.
Shares of Old Second Bancorp opened at $14.95 on Friday, according to MarketBeat.com. Old Second Bancorp has a twelve month low of $10.75 and a twelve month high of $15.60. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $438.77 million, a PE ratio of 18.46, a PEG ratio of 1.91 and a beta of 0.69.
OSBC has been the subject of a number of research analyst reports. BidaskClub downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine downgraded Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, Zacks Investment Research downgraded Old Second Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.83.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank that provides a range of banking services. The company accepts demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. It also offers revolving lines of credit for working capital; lending for capital expenditures on manufacturing equipment; lending to small business manufactures, service companies, medical and dental entities, and specialty contractors; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage loans, second mortgage loans, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans, as well as student loans; and overdraft checking.
See Also: Closed-End Mutual Funds (CEFs)
Receive News & Ratings for Old Second Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Second Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.