DA Davidson Lifts Earnings Estimates for Old Second Bancorp

Old Second Bancorp, Inc. (NASDAQ:OSBC) – Stock analysts at DA Davidson lifted their FY2025 EPS estimates for shares of Old Second Bancorp in a research note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $1.87 per share for the year, up from their previous forecast 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 issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.51 earnings per share (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 firm had revenue of $71.16 million during the quarter, compared to the consensus estimate of $70.95 million.

A number of other equities research analysts have also recently weighed in on OSBC. Raymond James cut Old Second Bancorp from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, September 17th. Piper Sandler raised their price objective on shares of Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

Old Second Bancorp Stock Down 0.2 %

Shares of Old Second Bancorp stock opened at $17.28 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. Old Second Bancorp has a 52-week low of $13.00 and a 52-week high of $19.37. The company has a market capitalization of $775.06 million, a P/E ratio of 9.34 and a beta of 1.08. The company has a 50 day moving average of $17.72 and a 200 day moving average of $16.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Old Second Bancorp during the second quarter worth about $33,000. Innealta Capital LLC acquired a new stake in shares of Old Second Bancorp during the second quarter valued at about $49,000. Quantbot Technologies LP boosted its holdings in Old Second Bancorp by 134.0% in the third quarter. Quantbot Technologies LP now owns 6,264 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 3,587 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Old Second Bancorp in the 3rd quarter valued at approximately $101,000. Finally, CWM LLC grew its holdings in Old Second Bancorp by 36.3% during the 3rd quarter. CWM LLC now owns 7,966 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,123 shares in the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Old Second Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Old Second Bancorp’s previous quarterly dividend of $0.05. Old Second Bancorp’s dividend payout ratio is currently 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.