Old Second Bancorp Inc. (OSBC) Declares $0.01 Quarterly Dividend

Old Second Bancorp Inc. (NASDAQ:OSBC) announced a quarterly dividend on Thursday, January 18th, Fidelity reports. Stockholders of record on Friday, January 26th will be paid a dividend of 0.01 per share by the financial services provider on Monday, February 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, January 25th.

Shares of Old Second Bancorp (OSBC) opened at $14.55 on Friday. Old Second Bancorp has a 1-year low of $9.90 and a 1-year high of $15.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.51. The company has a market cap of $435.52, a PE ratio of 18.90, a PEG ratio of 2.26 and a beta of 1.27.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Old Second Bancorp had a net margin of 19.91% and a return on equity of 12.34%. sell-side analysts anticipate that Old Second Bancorp will post 0.79 EPS for the current fiscal year.

In other news, Director John Ladowicz sold 10,096 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $14.40, for a total transaction of $145,382.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 10,996 shares of company stock worth $157,874. Company insiders own 3.20% of the company’s stock.

OSBC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, January 4th. Sandler O’Neill upgraded shares of Old Second Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. ValuEngine lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, October 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.50 price target on shares of Old Second Bancorp in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Old Second Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $13.17.

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Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company. The Company conducts a full service community banking and trust business through its subsidiaries, including Old Second National Bank (the Bank), Old Second Capital Trust I, Old Second Capital Trust II and Old Second Affordable Housing Fund, LLC The Bank’s full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal, money market and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers’ checks and foreign currency, direct deposit, debit cards, credit cards and other special services.

Dividend History for Old Second Bancorp (NASDAQ:OSBC)

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