Old Second Bancorp (OSBC) to Release Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) is set to post its quarterly earnings results after the market closes on Wednesday, October 16th. Analysts expect Old Second Bancorp to post earnings of $0.48 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $70.82 million during the quarter, compared to the consensus estimate of $70.03 million. Old Second Bancorp had a net margin of 25.62% and a return on equity of 14.83%. 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 Trading Up 0.5 %

OSBC opened at $15.57 on Tuesday. Old Second Bancorp has a 1-year low of $13.00 and a 1-year high of $17.46. The stock has a market capitalization of $698.25 million, a PE 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 firm has a 50-day moving average price of $15.98 and a two-hundred day moving average price of $15.08.

Analyst Upgrades and Downgrades

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

Insider Transactions at Old Second Bancorp

In other news, Director John Ladowicz sold 30,585 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $16.22, for a total value of $496,088.70. Following the completion of the sale, the director now directly owns 189,192 shares of the company’s stock, valued at $3,068,694.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is owned by company insiders.

About Old Second Bancorp

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.