Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) announced a special dividend on Tuesday, July 15th, RTT News reports. Investors of record on Friday, July 25th will be given a dividend of 0.06 per share by the financial services provider on Monday, August 4th. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 25th.
Old Second Bancorp has a payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.9%.
Old Second Bancorp Price Performance
NASDAQ OSBC traded up $0.05 during trading hours on Friday, reaching $18.66. The company's stock had a trading volume of 60,585 shares, compared to its average volume of 252,028. Old Second Bancorp has a 1 year low of $14.14 and a 1 year high of $19.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $841.00 million, a price-to-earnings ratio of 10.19 and a beta of 0.81. The firm's 50-day moving average price is $17.39 and its 200-day moving average price is $17.23.
Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last released 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). 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 during the quarter, compared to analysts' expectations of $60.00 million. On average, equities research analysts predict that Old Second Bancorp will post 1.86 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on OSBC shares. Keefe, Bruyette & Woods reduced their target price on Old Second Bancorp from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered Old Second Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Stephens decreased their price target on shares of Old Second Bancorp from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $24.50 price objective (up from $22.00) on shares of Old Second Bancorp in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.50.
Read Our Latest Research Report on Old Second Bancorp
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in OSBC. Strs Ohio purchased a new stake in Old Second Bancorp during the first quarter valued at approximately $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Old Second Bancorp by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,864 shares of the financial services provider's stock valued at $430,000 after acquiring an additional 1,067 shares during the last quarter. Jane Street Group LLC purchased a new stake in Old Second Bancorp in the first quarter valued at $1,378,000. Empowered Funds LLC grew its holdings in Old Second Bancorp by 38.7% during the first quarter. Empowered Funds LLC now owns 167,907 shares of the financial services provider's stock worth $2,794,000 after acquiring an additional 46,890 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Old Second Bancorp by 74.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,478,332 shares of the financial services provider's stock worth $24,599,000 after purchasing an additional 630,265 shares during the period. 67.76% of the stock is currently owned by hedge funds and other institutional investors.
About Old Second Bancorp
(
Get Free Report)
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.
Featured Stories
Before you consider Old Second Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Second Bancorp wasn't on the list.
While Old Second Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
