Old Second Bancorp (NASDAQ:OSBC) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Old Second Bancorp (NASDAQ:OSBC) posted its earnings results on Wednesday. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04), Zacks reports. Old Second Bancorp had a net margin of 25.02% and a return on equity of 13.81%.

Old Second Bancorp Trading Up 0.2 %

NASDAQ:OSBC traded up $0.03 during trading hours on Wednesday, hitting $18.68. The company had a trading volume of 453,750 shares, compared to its average volume of 255,465. The company has a 50-day moving average of $18.19 and a 200 day moving average of $16.93. 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 company has a market cap of $837.80 million, a P/E ratio of 10.10 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OSBC shares. Raymond James upgraded shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Piper Sandler raised their price target 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. Finally, DA Davidson set a $18.00 price objective on shares of Old Second Bancorp in a report on Thursday, October 17th.

Insiders Place Their Bets

In other news, Director Rocks Patti Temple purchased 5,625 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the transaction, the director now directly owns 18,679 shares in the company, valued at approximately $332,299.41. This represents a 43.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by 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.