Equities Analysts Issue Forecasts for OSBC FY2025 Earnings

Old Second Bancorp, Inc. (NASDAQ:OSBC) – Research analysts at DA Davidson lifted their FY2025 earnings estimates for shares of Old Second Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $1.87 per share for the year, up from their previous estimate of $1.80. The consensus estimate for Old Second Bancorp’s current full-year earnings is $1.95 per share.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Old Second Bancorp had a return on equity of 13.81% and a net margin of 25.02%. The company had revenue of $71.16 million for the quarter, compared to the consensus estimate of $70.95 million.

A number of other research firms have also recently issued reports on OSBC. Piper Sandler raised their target price on Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Raymond James upgraded shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday.

Old Second Bancorp Stock Up 2.2 %

Shares of Old Second Bancorp stock opened at $17.66 on Friday. The stock has a market capitalization of $792.10 million, a price-to-earnings ratio of 9.55 and a beta of 1.08. Old Second Bancorp has a twelve month low of $13.00 and a twelve month high of $19.37. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $17.76 and its 200-day simple moving average is $16.35.

Hedge Funds Weigh In On Old Second Bancorp

Several large investors have recently bought and sold shares of OSBC. Davis Asset Management L.P. bought a new position in shares of Old Second Bancorp in the second quarter valued at approximately $8,623,000. Assenagon Asset Management S.A. increased its position in shares of Old Second Bancorp by 180.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock valued at $6,915,000 after purchasing an additional 285,314 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Old Second Bancorp by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock valued at $25,188,000 after purchasing an additional 138,253 shares during the period. American Century Companies Inc. raised its stake in shares of Old Second Bancorp by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 800,187 shares of the financial services provider’s stock worth $11,851,000 after buying an additional 131,623 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Old Second Bancorp in the third quarter valued at $1,962,000. Institutional investors and hedge funds own 67.76% of the company’s stock.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a $0.06 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.24 annualized dividend and a yield of 1.36%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s dividend payout ratio is presently 12.97%.

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.