Old Second Bancorp, Inc. (NASDAQ:OSBC) – Investment analysts at DA Davidson upped their FY2017 earnings per share estimates for shares of Old Second Bancorp in a research note issued on Friday. DA Davidson analyst K. Reevey now anticipates that the financial services provider will post earnings per share of $0.82 for the year, up from their previous estimate of $0.69. DA Davidson has a “Neutral” rating and a $13.00 price objective on the stock. DA Davidson also issued estimates for Old Second Bancorp’s Q4 2017 earnings at $0.22 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.88 EPS and FY2019 earnings at $0.94 EPS.

OSBC has been the topic of several other research reports. Zacks Investment Research cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine cut shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.50 price objective on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. Finally, BidaskClub raised shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.17.

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Old Second Bancorp (NASDAQ:OSBC) opened at 14.25 on Monday. The firm has a 50-day moving average of $12.60 and a 200-day moving average of $11.88. The stock has a market capitalization of $422.18 million, a price-to-earnings ratio of 22.98 and a beta of 1.38. Old Second Bancorp has a 1-year low of $7.65 and a 1-year high of $14.90.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. Old Second Bancorp had a net margin of 16.82% and a return on equity of 10.30%.

Several institutional investors have recently added to or reduced their stakes in OSBC. Wellington Management Group LLP increased its position in shares of Old Second Bancorp by 38.3% in the first quarter. Wellington Management Group LLP now owns 2,167,385 shares of the financial services provider’s stock worth $24,384,000 after acquiring an additional 600,525 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Old Second Bancorp in the second quarter worth approximately $3,639,000. AJO LP increased its position in shares of Old Second Bancorp by 71.7% in the second quarter. AJO LP now owns 397,493 shares of the financial services provider’s stock worth $4,591,000 after acquiring an additional 165,968 shares in the last quarter. OxFORD Asset Management LLP increased its position in shares of Old Second Bancorp by 126.9% in the second quarter. OxFORD Asset Management LLP now owns 174,656 shares of the financial services provider’s stock worth $2,017,000 after acquiring an additional 97,683 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in shares of Old Second Bancorp in the second quarter worth approximately $1,031,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO William B. Skoglund sold 5,450 shares of Old Second Bancorp stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $12.15, for a total value of $66,217.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward Bonifas bought 3,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $11.58 per share, for a total transaction of $34,740.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 5,550 shares of company stock worth $62,594 and sold 50,350 shares worth $609,088. Company insiders own 3.60% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 27th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Thursday, October 26th. Old Second Bancorp’s dividend payout ratio (DPR) is currently 6.45%.

About Old Second Bancorp

Earnings History and Estimates for Old Second Bancorp (NASDAQ:OSBC)

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