Old Second Bancorp (OSBC) Scheduled to Post Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBCGet Free Report) is set to release its earnings data after the market closes on Wednesday, October 16th. Analysts expect Old Second Bancorp to post earnings of $0.48 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Old Second Bancorp (NASDAQ:OSBCGet Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Old Second Bancorp had a return on equity of 14.83% and a net margin of 25.62%. The firm had revenue of $70.82 million for the quarter, compared to the consensus estimate of $70.03 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

Shares of OSBC stock opened at $15.57 on Tuesday. The firm has a market capitalization of $698.25 million, a price-to-earnings ratio of 7.90 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $15.98 and its 200-day moving average price is $15.08. Old Second Bancorp has a 12 month low of $13.00 and a 12 month high of $17.46.

Wall Street Analyst Weigh In

OSBC has been the topic of several recent research reports. DA Davidson downgraded shares of Old Second Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $17.00 in a research report on Wednesday, September 25th. Raymond James lowered shares of Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $19.00 to $18.00 in a report on Tuesday, September 17th. Finally, Piper Sandler raised their target price on Old Second Bancorp from $18.00 to $19.50 and gave the stock an “overweight” rating in a research report on Friday, July 19th.

Get Our Latest Stock Analysis on Old Second Bancorp

Insiders Place Their Bets

In other Old Second Bancorp news, Director John Ladowicz sold 30,585 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $16.22, for a total transaction of $496,088.70. Following the sale, the director now owns 189,192 shares of the company’s stock, valued at approximately $3,068,694.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Old Second Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Old Second Bancorp (NASDAQ:OSBC)

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