Q1 Earnings Forecast for OSBC Issued By DA Davidson

Old Second Bancorp, Inc. (NASDAQ:OSBC) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Old Second Bancorp in a research note issued to investors on Friday, January 24th. DA Davidson analyst J. Rulis forecasts that the financial services provider will post earnings of $0.47 per share for the quarter. The consensus estimate for Old Second Bancorp’s current full-year earnings is $1.86 per share. DA Davidson also issued estimates for Old Second Bancorp’s FY2025 earnings at $1.90 EPS.

A number of other analysts have also issued reports on OSBC. Stephens restated an “overweight” rating and issued a $21.00 price target on shares of Old Second Bancorp in a report on Thursday, January 23rd. Raymond James upgraded shares of Old Second Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Piper Sandler lifted their price target on shares of Old Second Bancorp from $22.50 to $23.00 and gave the company an “overweight” rating in a research note on Friday, October 18th.

Old Second Bancorp Stock Performance

Shares of Old Second Bancorp stock opened at $18.76 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $18.21 and its two-hundred day moving average is $17.06. Old Second Bancorp has a 52 week low of $13.00 and a 52 week high of $19.37. The company has a market capitalization of $841.39 million, a PE ratio of 10.03 and a beta of 1.08.

Old Second Bancorp (NASDAQ:OSBC) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). Old Second Bancorp had a net margin of 24.95% and a return on equity of 13.73%.

Institutional Investors Weigh In On Old Second Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Old Second Bancorp by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,700,810 shares of the financial services provider’s stock valued at $25,188,000 after acquiring an additional 138,253 shares in the last quarter. State Street Corp boosted its position in shares of Old Second Bancorp by 6.5% in the 3rd quarter. State Street Corp now owns 1,264,359 shares of the financial services provider’s stock worth $19,711,000 after purchasing an additional 77,143 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Old Second Bancorp by 16.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,634 shares of the financial services provider’s stock worth $17,174,000 after buying an additional 153,187 shares during the last quarter. Geode Capital Management LLC increased its position in Old Second Bancorp by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,029,485 shares of the financial services provider’s stock valued at $16,053,000 after buying an additional 22,747 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Old Second Bancorp by 180.3% in the third quarter. Assenagon Asset Management S.A. now owns 443,527 shares of the financial services provider’s stock valued at $6,915,000 after buying an additional 285,314 shares during the last quarter. 67.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Old Second Bancorp

In related news, Director Rocks Patti Temple bought 5,625 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $17.79 per share, for a total transaction of $100,068.75. Following the completion of the acquisition, the director now directly owns 18,679 shares in the company, valued at approximately $332,299.41. This represents a 43.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Old Second Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, January 31st. Old Second Bancorp’s payout ratio is 12.83%.

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.