Wall Street analysts forecast that Old Second Bancorp Inc. (NASDAQ:OSBC) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Old Second Bancorp’s earnings, with estimates ranging from $0.30 to $0.32. Old Second Bancorp reported earnings per share of $0.32 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The business is scheduled to issue its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Old Second Bancorp will report full year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.23. For the next fiscal year, analysts anticipate that the business will post earnings of $1.25 per share, with EPS estimates ranging from $1.24 to $1.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Old Second Bancorp.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Old Second Bancorp had a return on equity of 15.20% and a net margin of 24.90%. The company had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.60 million.

Several analysts have recently weighed in on OSBC shares. Raymond James set a $15.00 target price on Old Second Bancorp and gave the company a “buy” rating in a research note on Friday, July 26th. FIG Partners raised shares of Old Second Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Zacks Investment Research raised shares of Old Second Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, BidaskClub cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.50.

Shares of Old Second Bancorp stock traded down $0.32 during trading hours on Friday, hitting $11.75. 2,810 shares of the company’s stock traded hands, compared to its average volume of 63,001. The stock has a 50 day moving average of $12.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $364.14 million, a P/E ratio of 10.43, a PEG ratio of 1.44 and a beta of 0.96. Old Second Bancorp has a twelve month low of $11.32 and a twelve month high of $15.75.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 26th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. Old Second Bancorp’s dividend payout ratio is currently 3.57%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Old Second Bancorp by 299.8% in the 2nd quarter. Bank of Montreal Can now owns 3,198 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 2,398 shares during the period. Marshall Wace LLP purchased a new position in shares of Old Second Bancorp during the 1st quarter worth $60,000. Aperio Group LLC purchased a new position in shares of Old Second Bancorp in the 2nd quarter worth $66,000. Meeder Asset Management Inc. lifted its position in Old Second Bancorp by 41.2% during the 1st quarter. Meeder Asset Management Inc. now owns 5,633 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,644 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Old Second Bancorp by 499.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,046 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 5,038 shares during the last quarter. 68.01% of the stock is currently owned by institutional investors.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The company was founded in 1981 and is headquartered in Aurora, IL.

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Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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