Old Second Bancorp, Inc. (OSBC) to Issue Quarterly Dividend of $0.07 on November 10th

Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be given a dividend of 0.07 per share by the financial services provider on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 31st.

Old Second Bancorp has a dividend payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.9%.

Old Second Bancorp Stock Performance

Shares of OSBC opened at $17.95 on Thursday. The business’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $17.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. Old Second Bancorp has a 12 month low of $14.14 and a 12 month high of $19.46. The company has a market cap of $945.07 million, a price-to-earnings ratio of 9.81 and a beta of 0.80.

Old Second Bancorp (NASDAQ:OSBC) last issued its earnings results on Wednesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Old Second Bancorp had a return on equity of 12.53% and a net margin of 24.38%. Research analysts anticipate that Old Second Bancorp will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Old Second Bancorp

Several hedge funds have recently modified their holdings of OSBC. GAMMA Investing LLC raised its stake in shares of Old Second Bancorp by 4,125.0% in the first quarter. GAMMA Investing LLC now owns 5,408 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 5,280 shares during the period. Hudson Edge Investment Partners Inc. raised its holdings in shares of Old Second Bancorp by 40.3% in the first quarter. Hudson Edge Investment Partners Inc. now owns 59,834 shares of the financial services provider’s stock worth $996,000 after buying an additional 17,201 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Old Second Bancorp by 3.1% in the first quarter. Principal Financial Group Inc. now owns 36,434 shares of the financial services provider’s stock worth $606,000 after buying an additional 1,109 shares during the period. Envestnet Asset Management Inc. increased its stake in Old Second Bancorp by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 27,135 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 6,771 shares during the period. Finally, Alps Advisors Inc. increased its stake in Old Second Bancorp by 3.9% in the first quarter. Alps Advisors Inc. now owns 21,698 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 808 shares during the period. 67.76% of the stock is owned by hedge funds and other institutional investors.

About Old Second Bancorp

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.