Old Second Bancorp Inc. Announces Quarterly Dividend of $0.01 (osbc)
Old Second Bancorp Inc. (NASDAQ:osbc) announced a quarterly dividend on Wednesday, April 19th. Shareholders of record on Friday, April 28th will be paid a dividend of 0.01 per share by the financial services provider on Monday, May 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Wednesday, April 26th.
Shares of Old Second Bancorp (NASDAQ:OSBC) opened at 11.20 on Thursday. Old Second Bancorp has a one year low of $6.37 and a one year high of $11.64. The firm has a 50-day moving average of $10.97 and a 200-day moving average of $10.02. The company has a market capitalization of $331.03 million, a P/E ratio of 21.13 and a beta of 1.67.
A number of equities research analysts have recently issued reports on OSBC shares. TheStreet raised shares of Old Second Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, February 8th. Zacks Investment Research cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 8th.
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In related news, Director John Ladowicz sold 17,831 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $11.22, for a total transaction of $200,063.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William B. Skoglund sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $10.84, for a total transaction of $86,720.00. The disclosure for this sale can be found here. Insiders have purchased 24,757 shares of company stock valued at $265,853 in the last ninety days. 3.60% of the stock is currently owned by company insiders.
About Old Second Bancorp
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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