Equities analysts forecast that Old Second Bancorp, Inc. (NASDAQ:OSBC) will announce $32.17 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Old Second Bancorp’s earnings. The highest sales estimate is $33.00 million and the lowest is $31.50 million. Old Second Bancorp posted sales of $28.98 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is scheduled to announce its next quarterly earnings report on Wednesday, April 28th.
According to Zacks, analysts expect that Old Second Bancorp will report full-year sales of $129.73 million for the current fiscal year, with estimates ranging from $127.70 million to $131.50 million. For the next financial year, analysts anticipate that the company will post sales of $131.70 million, with estimates ranging from $128.50 million to $135.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Old Second Bancorp.
Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Tuesday, January 26th. The financial services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $32.66 million for the quarter, compared to the consensus estimate of $32.63 million. Old Second Bancorp had a return on equity of 13.06% and a net margin of 20.38%.
NASDAQ OSBC traded up $0.03 during trading on Monday, reaching $12.95. 460 shares of the company traded hands, compared to its average volume of 99,944. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50 day moving average price is $12.80 and its two-hundred day moving average price is $10.48. The company has a market cap of $377.18 million, a price-to-earnings ratio of 13.32 and a beta of 1.45. Old Second Bancorp has a 1-year low of $5.96 and a 1-year high of $14.16.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 8th. Stockholders of record on Friday, January 29th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, January 28th. Old Second Bancorp’s payout ratio is currently 3.08%.
In other Old Second Bancorp news, Director John Ladowicz sold 14,500 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $13.76, for a total transaction of $199,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman William B. Skoglund sold 6,500 shares of the company’s stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $11.95, for a total value of $77,675.00. The disclosure for this sale can be found here. Over the last three months, insiders bought 6,425 shares of company stock worth $78,290 and sold 22,500 shares worth $297,640. 4.16% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in shares of Old Second Bancorp during the 1st quarter valued at $60,000. Wells Fargo & Company MN raised its position in shares of Old Second Bancorp by 8.0% during the 3rd quarter. Wells Fargo & Company MN now owns 83,310 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 6,140 shares during the last quarter. First Trust Advisors LP raised its position in shares of Old Second Bancorp by 18.6% during the 3rd quarter. First Trust Advisors LP now owns 77,400 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 12,156 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Old Second Bancorp by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 66,064 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Old Second Bancorp by 15.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 168,070 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 22,206 shares during the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides a range of 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.
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