DA Davidson Has Positive Estimate for OSBC FY2025 Earnings

Old Second Bancorp, Inc. (NASDAQ:OSBC - Free Report) - Equities researchers at DA Davidson upped their FY2025 EPS estimates for Old Second Bancorp in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.05 per share for the year, up from their prior 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 posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $73.57 million for the quarter, compared to analyst estimates of $60.00 million. Old Second Bancorp had a return on equity of 12.87% and a net margin of 24.52%.

OSBC has been the topic of several other reports. Keefe, Bruyette & Woods lowered their target price on shares of Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stephens lowered their target price on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Old Second Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Old Second Bancorp currently has an average rating of "Moderate Buy" and an average price target of $20.10.

Old Second Bancorp Trading Up 0.3%

Old Second Bancorp stock opened at $17.70 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $797.56 million, a price-to-earnings ratio of 9.67 and a beta of 0.81. Old Second Bancorp has a one year low of $14.14 and a one year high of $19.46. The company's fifty day moving average price is $16.60 and its two-hundred day moving average price is $17.13.

Institutional Investors Weigh In On Old Second Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. grew its position in shares of Old Second Bancorp by 3.9% in the first quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 808 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Old Second Bancorp by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,797 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 843 shares during the last quarter. Quarry LP grew its position in shares of Old Second Bancorp by 70.1% in 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Old Second Bancorp by 3.1% in the first quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider's stock valued at $606,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Old Second Bancorp by 20.2% in the fourth quarter. Quantbot Technologies LP now owns 7,528 shares of the financial services provider's stock valued at $134,000 after buying an additional 1,264 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.

Old Second Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, April 25th. Old Second Bancorp's dividend payout ratio is currently 13.11%.

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.

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