Old Second Bancorp, Inc. (NASDAQ:OSBC – Get Rating) – Stock analysts at DA Davidson issued their Q1 2023 EPS estimates for Old Second Bancorp in a research report issued on Monday, January 30th. DA Davidson analyst J. Rulis expects that the financial services provider will earn $0.54 per share for the quarter. DA Davidson currently has a "Buy" rating on the stock. The consensus estimate for Old Second Bancorp's current full-year earnings is $2.02 per share. DA Davidson also issued estimates for Old Second Bancorp's FY2023 earnings at $2.30 EPS.
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OSBC has been the subject of several other reports. Piper Sandler increased their price objective on shares of Old Second Bancorp to $21.00 in a research report on Tuesday, November 1st. StockNews.com assumed coverage on shares of Old Second Bancorp in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. Raymond James increased their price objective on shares of Old Second Bancorp from $18.50 to $20.00 and gave the company a "strong-buy" rating in a research report on Friday, October 28th. Finally, TheStreet raised shares of Old Second Bancorp from a "c+" rating to a "b" rating in a research report on Friday, October 14th.
Old Second Bancorp Stock Performance
OSBC stock opened at $16.99 on Tuesday. The firm has a market cap of $757.24 million, a price-to-earnings ratio of 11.40 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a 50-day simple moving average of $16.52 and a two-hundred day simple moving average of $15.26. Old Second Bancorp has a one year low of $12.89 and a one year high of $17.80.
Institutional Investors Weigh In On Old Second Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of Old Second Bancorp by 382.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,980 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,570 shares during the period. Amalgamated Bank acquired a new stake in shares of Old Second Bancorp during the 1st quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Old Second Bancorp in the 2nd quarter valued at $48,000. Tower Research Capital LLC TRC grew its stake in Old Second Bancorp by 281.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,033 shares of the financial services provider's stock valued at $105,000 after acquiring an additional 5,925 shares during the period. Finally, Rafferty Asset Management LLC acquired a new stake in Old Second Bancorp in the 2nd quarter valued at $142,000. Institutional investors and hedge funds own 65.85% of the company's stock.
Old Second Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. Old Second Bancorp's payout ratio is 13.42%.
Old Second Bancorp Company Profile
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Old Second Bancorp, Inc is a bank holding company. It engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The firm operates through the community banking segment.
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