FY2025 EPS Estimate for Old Second Bancorp Lifted by Analyst

Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) - DA Davidson increased their FY2025 earnings estimates for shares of Old Second Bancorp in a report released on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings of $2.05 per share for the year, up from their previous estimate of $2.00. The consensus estimate for Old Second Bancorp's current full-year earnings is $1.86 per share.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%. The company had revenue of $73.57 million for the quarter, compared to analyst estimates of $60.00 million.

A number of other research analysts have also commented on OSBC. Stephens decreased their price objective on Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Piper Sandler restated an "overweight" rating and set a $24.50 target price (up previously from $22.00) on shares of Old Second Bancorp in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Old Second Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $20.50.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock traded up $0.18 on Monday, hitting $19.08. The stock had a trading volume of 287,070 shares, compared to its average volume of 257,811. The stock has a market cap of $859.74 million, a price-to-earnings ratio of 10.43 and a beta of 0.81. The business's 50 day moving average is $16.79 and its two-hundred day moving average is $17.15. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. Old Second Bancorp has a twelve month low of $14.14 and a twelve month high of $19.46.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, April 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.26%. Old Second Bancorp's payout ratio is 13.11%.

Hedge Funds Weigh In On Old Second Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP raised its position in Old Second Bancorp by 70.1% during the fourth quarter. Quarry LP now owns 2,363 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 974 shares in the last quarter. Strs Ohio acquired a new position in shares of Old Second Bancorp during the 1st quarter worth $88,000. GAMMA Investing LLC lifted its position in shares of Old Second Bancorp by 4,125.0% during the 1st quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider's stock worth $90,000 after buying an additional 5,280 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Old Second Bancorp by 20.2% during the 4th quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock worth $134,000 after buying an additional 1,264 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in Old Second Bancorp by 47.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,956 shares of the financial services provider's stock valued at $141,000 after buying an additional 2,556 shares in the last quarter. 67.76% of the stock is currently owned by institutional investors and hedge funds.

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.