Old Second Bancorp (NASDAQ:OSBC) released its earnings results on Tuesday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.14, Fidelity Earnings reports. Old Second Bancorp had a net margin of 20.38% and a return on equity of 13.06%.
Shares of OSBC traded up $0.05 during mid-day trading on Thursday, reaching $12.75. The stock had a trading volume of 70,230 shares, compared to its average volume of 97,868. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.91. Old Second Bancorp has a 52-week low of $5.96 and a 52-week high of $14.16. The business’s fifty day moving average is $13.19 and its 200 day moving average is $10.87. The firm has a market cap of $369.99 million, a price-to-earnings ratio of 13.09 and a beta of 1.45.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 10th. Investors of record on Friday, April 30th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from Old Second Bancorp’s previous quarterly dividend of $0.01. Old Second Bancorp’s dividend payout ratio is currently 3.08%.
In related news, Director Jill E. York bought 4,000 shares of the stock in a transaction on Tuesday, March 23rd. The stock was bought at an average price of $13.39 per share, with a total value of $53,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William B. Skoglund sold 6,500 shares of the stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $11.95, for a total transaction of $77,675.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 6,425 shares of company stock valued at $78,290 and sold 22,500 shares valued at $297,640. Corporate insiders own 4.16% of the company’s stock.
Separately, Raymond James upped their target price on shares of Old Second Bancorp from $13.00 to $16.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 23rd.
About Old Second Bancorp
Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides a range of banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers 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.
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