Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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. Further, it provides safe deposit services; trust and wealth management services; and money orders, cashier's checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. In addition, the company offers online and mobile banking; corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, foreign and domestic wire transfers, and vault services for currency and coin; and investment, agency, and custodial services for individual, corporate, and not-for-profit clients. It operates through 63 banking centers in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. Old Second Bancorp, Inc. was incorporated in 1981 and is headquartered in Aurora, Illinois.
Analyst Upgrades and Downgrades
OSBC has been the subject of several analyst reports. Raymond James boosted their target price on shares of Old Second Bancorp from $18.00 to $18.50 and gave the company a "strong-buy" rating in a research note on Thursday, July 7th. TheStreet downgraded shares of Old Second Bancorp from a "b" rating to a "c+" rating in a research note on Thursday, July 28th.
Old Second Bancorp Stock Up 2.1 %
OSBC opened at $14.28 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $634.90 million, a price-to-earnings ratio of 23.80 and a beta of 1.10. The business has a 50-day moving average of $14.25 and a two-hundred day moving average of $14.23. Old Second Bancorp has a 12 month low of $11.29 and a 12 month high of $15.68.
Old Second Bancorp (NASDAQ:OSBC - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). Old Second Bancorp had a net margin of 12.26% and a return on equity of 11.41%. On average, research analysts expect that Old Second Bancorp will post 1.49 earnings per share for the current year.
Old Second Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Friday, July 29th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, July 28th. Old Second Bancorp's payout ratio is currently 33.33%.