Old Second Bancorp (OSBC) Projected to Post Quarterly Earnings on Wednesday

Old Second Bancorp (NASDAQ:OSBC) is expected to be posting its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Old Second Bancorp to post earnings of $0.48 per share and revenue of $59,615.67 billion for the quarter.

Old Second Bancorp (NASDAQ:OSBC) last announced its earnings results 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. The business had revenue of $71.16 million during the quarter, compared to analysts’ expectations of $70.95 million. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%. 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 Price Performance

NASDAQ:OSBC traded up $0.34 on Wednesday, reaching $18.17. The stock had a trading volume of 456,245 shares, compared to its average volume of 247,449. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $814.98 million, a P/E ratio of 9.82 and a beta of 1.08. Old Second Bancorp has a 1-year low of $13.00 and a 1-year high of $19.37. The stock has a fifty day moving average price of $18.19 and a 200-day moving average price of $16.82.

Insider Activity

In other Old Second Bancorp news, Director Rocks Patti Temple acquired 5,625 shares of Old Second Bancorp stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $17.79 per share, with a total value of $100,068.75. Following the completion of the purchase, the director now owns 18,679 shares in the company, valued at $332,299.41. The trade was a 43.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

OSBC has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Old Second Bancorp from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. DA Davidson set a $18.00 price objective on Old Second Bancorp in a research note on Thursday, October 17th. Finally, Raymond James upgraded Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th.

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.