Old Second Bancorp Inc. (OSBC) Scheduled to Post Quarterly Earnings on Wednesday
Old Second Bancorp Inc. (NASDAQ:OSBC) is scheduled to announce its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Old Second Bancorp (NASDAQ:OSBC) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Old Second Bancorp had a return on equity of 9.42% and a net margin of 15.53%. On average, analysts expect Old Second Bancorp to post $0.54 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
Shares of Old Second Bancorp Inc. (NASDAQ:OSBC) opened at 8.10 on Tuesday. The firm’s 50-day moving average price is $8.17 and its 200 day moving average price is $7.44. The firm has a market cap of $239.39 million, a PE ratio of 16.53 and a beta of 1.24. Old Second Bancorp Inc. has a 1-year low of $6.20 and a 1-year high of $8.65.
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In related news, Director Barry Finn bought 10,000 shares of Old Second Bancorp stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of $8.27 per share, with a total value of $82,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rocks Patti Temple bought 6,000 shares of Old Second Bancorp stock in a transaction that occurred on Monday, August 29th. The stock was bought at an average cost of $8.10 per share, for a total transaction of $48,600.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in Old Second Bancorp by 1.3% in the second quarter. BlackRock Advisors LLC now owns 15,294 shares of the financial services provider’s stock worth $104,000 after buying an additional 194 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Old Second Bancorp by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 26,901 shares of the financial services provider’s stock worth $184,000 after buying an additional 3,292 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of Old Second Bancorp by 7.8% in the second quarter. Teachers Advisors Inc. now owns 43,694 shares of the financial services provider’s stock worth $298,000 after buying an additional 3,176 shares in the last quarter. Analytic Investors LLC raised its position in shares of Old Second Bancorp by 17.9% in the second quarter. Analytic Investors LLC now owns 48,014 shares of the financial services provider’s stock worth $328,000 after buying an additional 7,295 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its position in shares of Old Second Bancorp by 7.1% in the second quarter. BlackRock Investment Management LLC now owns 116,227 shares of the financial services provider’s stock worth $794,000 after buying an additional 7,724 shares in the last quarter. 66.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on OSBC. Keefe, Bruyette & Woods upped their price target on Old Second Bancorp from $7.50 to $8.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Wednesday, August 3rd.
Old Second Bancorp Company Profile
Old Second Bancorp, Inc is a bank holding company for the Old Second National Bank (the Bank). The Company conducts a full service community banking and trust business through its subsidiaries. It operates in the community banking segment. The Company provides financial services through its approximately 20 banking locations that are located primarily in Aurora, Illinois, and its surrounding communities and throughout the Chicago metropolitan area.
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