Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Free Report) declared a quarterly dividend on Tuesday, April 16th, Zacks reports. Shareholders of record on Friday, April 26th will be given a dividend of 0.05 per share by the financial services provider on Monday, May 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, April 25th.
Old Second Bancorp has increased its dividend payment by an average of 71.0% per year over the last three years. Old Second Bancorp has a dividend payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.8%.
Old Second Bancorp Stock Performance
OSBC opened at $14.50 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $13.56 and its two-hundred day simple moving average is $14.20. Old Second Bancorp has a 1-year low of $10.79 and a 1-year high of $16.76. The firm has a market capitalization of $650.33 million, a price-to-earnings ratio of 7.36 and a beta of 1.10.
Analysts Set New Price Targets
OSBC has been the topic of a number of research reports. Raymond James raised shares of Old Second Bancorp from an “outperform” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 4th. Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of Old Second Bancorp in a research report on Friday, April 19th.
Read Our Latest Stock Report on OSBC
Old Second Bancorp Company Profile
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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