Old Second Bancorp, Inc. Announces Quarterly Dividend of $0.01 (NASDAQ:OSBC)
Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Wednesday, July 19th, NASDAQ reports. Investors of record on Friday, July 28th will be given a dividend of 0.01 per share by the financial services provider on Monday, August 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, July 26th.
Shares of Old Second Bancorp (OSBC) opened at 11.65 on Thursday. The firm has a market cap of $344.61 million, a price-to-earnings ratio of 20.44 and a beta of 1.32. The company’s 50 day moving average price is $11.73 and its 200-day moving average price is $11.26. Old Second Bancorp has a 1-year low of $7.00 and a 1-year high of $12.75.
Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Old Second Bancorp had a return on equity of 9.73% and a net margin of 16.00%. The business had revenue of $24.73 million for the quarter, compared to the consensus estimate of $22.60 million. Equities analysts expect that Old Second Bancorp will post $0.70 EPS for the current fiscal year.
In related news, Director Edward Bonifas purchased 2,816 shares of Old Second Bancorp stock in a transaction on Friday, May 19th. The stock was bought at an average price of $11.49 per share, with a total value of $32,355.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bradley S. Adams purchased 41,800 shares of Old Second Bancorp stock in a transaction on Thursday, June 1st. The stock was bought at an average cost of $11.89 per share, with a total value of $497,002.00. The disclosure for this purchase can be found here. Insiders acquired 52,866 shares of company stock valued at $625,570 in the last ninety days. Insiders own 3.60% of the company’s stock.
A number of brokerages have commented on OSBC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Old Second Bancorp in a research note on Friday, July 14th. Zacks Investment Research raised Old Second Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, May 3rd. Finally, ValuEngine raised Old Second Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Old Second Bancorp Company Profile
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